Rusal transfers Norilsk Nickel to Cyprus
Edited by vadim / 2013-03-04 11:42:00
To take a loan from the Western banks.
Rusal transfers the belonging to it 25% in GMK Norilsk Nickel from Russia to Cyprus. It is necessary to refinance the $4.5 bln loan issued by Sberbank at the Western banks. Sberbank doesn’t mind. But the future Western creditors might have questions concerning 7% of Norilsk Nickel’s shares from Rusal’s package which are to be transferred to a special account in the framework of the amicable agreement of GMK’s shareholders.
