RBC: Norilsk Nickel abolished the financial control service

RBC: Norilsk Nickel abolished the financial control service


The board of directors of Norilsk Nickel decided to abolish the financial control service, a source close to the board told RBC. Related Question was rendered at a meeting of the company's board of directors on January 26.

According to the interlocutor of the publication, the financial control service was "tools of shareholders" - with its help they controlled the activities of the company. The service, according to the source, carried out inspections of the financial and economic activities of Norilsk Nickel and its subsidiaries in order to inform and prepare recommendations for the president and members of the board of directors. The source added that at the meeting on January 26, the heads of the control service were dismissed, and the regulation on the service was canceled.

In 2012, Vladimir Potanin's Interros (which owns a 37% stake in Norilsk Nickel), UC Rusal (26.39%) founded by Oleg Deripaska, and Roman Abramovich and Alexander Abramov's Crispian entered into a ten-year shareholder agreement under which Mr. Potanin became a managing partner of Norilsk Nickel. The service, through which shareholders could influence the company, was abolished due to the expiration of the shareholder agreement at the end of 2022.

Rusal October 24 announcedthat, in accordance with the terms of the Norilsk Nickel shareholder agreement, filed a lawsuit with the High Court of London against the head of the MMC Vladimir Potanin and his Whiteleave Holdings Limited (an Interros structure). The message of Rusal says that its claims are related to the fact that Vladimir Potanin violated the shareholder agreement. It provides that in the event of a violation from the shareholder who allowed this, another may buy out 7.5% of the shares at a 25% discount.

More details - in the material “Norilsk Nickel shareholders are dissatisfied with management”.

Erdni Kagaltynov



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