Norilsk Nickel saves a billion: dividends from sale of non-core assets postponed to 2018

The shareholders of Norilsk Nickel have postponed the company's commitment to pay $1 billion of dividends from a fixed amount of $9 billion, agreed during the conclusion of the settlement agreement in 2012, to 2018. According to sources of the Kommersant, this was done to reduce the pressure on the company in the "crisis" years of 2015-2016, and not to hurry with the sale of non-core assets. Analysts add that dividends of Norilsk Nickel won’t exceed $2 billion per year, so the transfer of the liabilities is not critical.

The shareholders of Norilsk Nickel have again revised parameters of the shareholder agreement regarding the dividends, UC Rusal of Oleg Deripaska (which owns 27.8% of the company) reports.