In 2013 – 2014, Norilsk Nickel dividends will be not less than $2 billion

It was agreed that in 2013 – 2014, Norilsk Nickel dividends will be not less than $2 billion, i.e. approximately 50% of EBITDA, the company reports. They state that it’s the minimum sum that does not concern possible income from the sales of foreign and non-profile energy assets.

Norilsk Nickel stocks reacted with growth by 1.6% to the news about the volume of dividends. The MICEX index increased by 0.2%.

On September 30th, the majority shareholders of Norilsk Nickel brought the corresponding changes to the shareholders agreement. The reconciliation agreement of UC Rusal, Interros and Millhouse closed in December 2012 presupposed payment of dividends of $9 billion within 2012-2014. In 2012, Norilsk Nickel paid dividends of 63.43 billion rubles, or 400.83 rubles per l stock.

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