Support The Moscow Times!

$2Bln for Norilsk's OGK-3

Norilsk Nickel is seeking more than $2 billion for its controlling stake in the OGK-3 power utility, Norilsk co-owner Vladimir Potanin said Thursday.

Norilsk is studying proposals from EuroSibEnergo, controlled by rival Norilsk shareholder billionaire Oleg Deripaska, and state-run Inter RAO, Potanin told reporters. Inter RAO’s bid is more detailed, he said.

(Bloomberg)


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.