Moscow December 21, Rusal announced on Friday that it will purchase industrialist Mikhail Prokhorov’s 25% control unit in Norilsk Nickel. Because it intends to set up a metal and mining company with global competitiveness.
The statement was published after Rosso International Holdings, the oligarchy ruler, Vladimir Potanin refused to participate in the deal. It is reported that the group claims that it is not interested in this transaction.
In a statement, the billionaire Oleg Deripaska, who is in charge of RUSAL, stated: "This initiative will promote RUSAL's plan to create Russia's first diversified international metal mining company."
Analysts said that the merger allows the world's largest production of aluminum, nickel, copper and platinum.
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