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Parties in Nornickel dispute allow share sale, but deal could be unwound – lawyer

8th March 2018

By: Reuters

  

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LONDON – Russian billionaires Vladimir Potanin and Roman Abramovich and aluminium producer Rusal have agreed to allow the sale by Abramovich of a 4% stake in mining giant Norilsk Nickel on a pro rata basis to Potanin and Rusal, a lawyer for Rusal said on Thursday.

The three sides of the dispute reached the deal with undertakings that it can be unwound if found to be in violation of a shareholder agreement at trial, Rusal's lawyer told a London court on Thursday.

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Edited by Reuters

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