Norilsk Nickel must decrease dividends not to be deep in the hole
Edited by Rhod Mackenzie
In December of the last year, the main shareholders of Norilsk Nickel agreed to end their conflict, to direct their energies to the company’s development and share results of this work – up to $9 billion were planned to be transferred for dividends in 2012-2014. But the market edited the situation – in this period, the nickel price fell from $18 thousand to $14 thousand per ton.
The company’s owners thought about a change of the size of dividend payments, a source, who is familiar with the course of negotiations, reported to the agency Prime. Interros,UC Rusal and Millhouse declined to comment on the situation.
