Managers of Norilsk Nickel talk about the progress in the sale of non-core assets

Norilsk Nickel expects the overall economic effect due to sale of the non-core and international assets before the end of 2015 at the level of $1 billion, the top managers of the company reported at the investor day in London.

Norilsk Nickel noted the progress in the implementation of the strategy, adopted in 2013, focused on "first-class" assets and disciplined approach to the investment management.

"Overcoming the difficult situation on the commodity markets, Norilsk Nickel achieved its strategic objectives, generated cash flow in the amount of $3.2 billion through the sale of non-core and overseas assets, the release of working capital and a reduction of administrative costs," – the managers of the company said to investors.