Potanin: Not Seeking Control In Norilsk

05/31/2012| 05:21am US/Eastern

Recommend:

0

Russian billionaire Vladimir Potanin, the owner of just below 30% stake in the mining giant OAO Norilsk Nickel (>> GMK Noril'skiy nikel' OAO), said Thursday he isn't seeking control of the company.

Speaking to reporters he said it wouldn't resolve the shareholders' conflict.

"If one of the shareholders gets a controlling stake, it would be logical to de-list the company, but that would be the worst possible scenario," he said.

Norilsk is a battlefield between major holders--Potanin and Oleg Deripaska, whose United Co . Rusal PLC (0486.HK) owns 25% stake in the miner.

-By Alexander Kolyandr, Dow Jones Newswires; 007 495 232 9194; Alexander.Kolyandr@dowjones.com

0