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Rusal Turns Down $12.8B Norilsk Bid
Russian aluminum company, United Company Rusal, has turned down Norilsk Nickel’s $12.8 billion offer for most of Rusal’s 25% stake in the company.
Russian aluminum company,United Company Rusal, has turned downNorilsk Nickel’s $12.8 billion offer for most of Rusal’s 25% stake in the company,The Wall Street Journalreports.Oleg Deripaska, who owns 47% of Rusal, has so far rejected three offers, addsBloomberg.
Deripaska turned down a $9 billion offer fromInterros Holdingand two bids from Norilsk Nickel. In December, Rusal had rejected Norilsk Nickel’s offer to buy Rusal’s full 25% stake in the company for $14 billion.
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