Usmanov says Russia mining merger doubtful
A six-company Russian mining merger proposed by Norilsk Nickel’s top shareholders is unlikely to succeed due to the huge debts involved, metals tycoon Alisher Usmanov said in interviews published recently.
Usmanov said:
Our concept implies a merger of two companies with an absolutely reasonable debt volume which could be converted into a state stake (in the new company).
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Thu, Jan 29, 2009
Post by Melissa Pistilli, Potash Senior Reporter