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Norilsk To Raise $1.2B In Share Buyback
Norilsk Nickel has launched a $1.2 billion share buyback program.
Norilsk Nickelhas launched a $1.2 billion share buyback program,The Wall Street Journalreports. The nickel producer will purchase its shares on theMicexandRTSexchanges in Russia and American Depositary Shares on theLondon Stock Exchange.
The buyback is part of the $4.5 billion buyback program approved by the Russian mining company’s board in December 2010. Norilsk has already completed a $3.3 billion share buyback.
Click here for the story fromThe Wall Street Journal.
Click here for the additional coverage fromReuters.