United Co. Rusal’s Oleg Deripaska is wedded to an investment that barely covers borrowing costs, has brought management into conflict and added to losses for stockholders such as billionaire Li Ka-shing and Paulson & Co.
OAO Polyus Gold fell to a two-month low after Russia’s biggest gold-mine operator released lower- than-expected production figures and an erroneous report suggested the stock was removed from a key index.
Polyus Gold International Ltd., Russia’s largest producer of the metal, jumped to the highest in five weeks in U.S. trading after it said shareholders approved a plan for a primary listing of shares on the London Stock Exchange.
OAO EuroSibEnergo , the utility owned by billionaire Oleg Deripaska , offered $2 billion in cash to OAO Norilsk Nickel for its controlling stake in Russian power generator OAO OGK-3, according to a document.
Russian billionaire Suleiman Kerimov , who this week bought stakes in OAO Uralkali and OAO Silvinit , may merge the two to create the world’s second-largest potash producer, analysts at Troika Dialog and Alfa Bank said.
OAO GMK Norilsk Nickel, whose rally this month has sent shares to the most expensive level since 2010, is poised to rise further as a new dividend plan lures investors, OAO Sberbank and UFS-Finance Investment Co. say.