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

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.