Russia remained without a metallurgical giant

29 November 2017, 11:45 | Economy
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Negotiations on the merger of "Rusal" and "Norilsk Nickel" failed. Their owners, the oligarchs Oleg Deripaska and Vladimir Potanin did not find a common language. "Oleh and I agreed that UC Rusal and Norilsk Nickel are different companies and different companies. Any kind of synergy between them is not visible, "Potanin told" Vedomosti ". As a result, the idea of ??creating the largest mining and metallurgical company is buried. At least in the medium term, each enterprise will "develop independently," said the businessman. As for the second side of the talks, the representative of Deripaska said that the stake in Norilsk Nickel was always considered "as a strategic investment and this position did not change," without explaining, however, what this means for this transaction. Meanwhile, negotiations on the merger of the two giants were conducted for almost 10 years. "Rusal" is one of the most basic manufacturers and suppliers on the world market of aluminum, alumina and bauxite.

Norilsk Nickel is the largest producer of nickel, platinum, copper. Together they could become the world leader in this field. At least, this goal was set by Mikhail Prokhorov when he spoke about the planned merger of the assets of the ONEXIM Group and UC Rusal.

But in 2007. when the business division Potanin could not get a blocking stake in Norilsk Nickel,. To form a metallurgical giant, it became necessary for him to agree on a merger with Deripaska. As you can see, the constructive conversation did not work out.




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