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UK court: Abramovich did not have right to sell stake in Nornickel to Potanin

27th June 2018

By: Reuters

  

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LONDON – Russian billionaire Roman Abramovich, best known in Britain as the owner of Premier League soccer club Chelsea, did not have the right to sell a stake in a Norilsk Nickel to another businessman, Vladimir Potanin, a London High Court judgment said on Wednesday.

The ruling follows a long battle between Russian billionaires Oleg Deripaska and Vladimir Potanin for control of the Russian company, which is one of the world's biggest producers of nickel and palladium.

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Edited by Reuters

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