Norilsk Nickel sold its American distributor
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The amount of the transaction for the sale of the company’s distributor in North and South America is not disclosed in the message, it is specified that it was carried out for cash.
TMP Metals Group specializes in nickel processing and is a subsidiary of TMP Holdings, Inc., headquartered in Beverly Hills and with annual income of $5 billion. The deal will allow the company to become one of the leading suppliers of metals in North, Latin and South America, the report said.
Anton Berlin, Vice President of Norilsk Nickel, explained that the company sees the deal as an opportunity to optimize its global distribution business and thus hopes to establish a stable supply of palladium and nickel for consumers in the region.
TMP Chairman Raymond Staples stressed that the acquisition of Norilsk Nickel’s distributor would make the company an important supplier of nickel, platinum and palladium, which are key components in electric vehicles, solar panels and wind turbines.
“nornickel” is a mining and metallurgical company, whose production facilities are located in Norilsk, on the Kola Peninsula, in the Trans-Baikal Territory and Finland. Chairman of the Board – Vladimir Potanin. The company is the largest producer of palladium and nickel in the world. According to information on the website of Norilsk Nickel, North and South America accounted for about 15% of the distribution of the company’s products.
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