Norilsk Nickel sold a stake in MRSK Siberia
11 July 2013
Management MMC «Norilsk Nickel» has transferred shares in the amount of 7.75% of the share capital to the owners of OJSC «Interregional Distribution Grid Company of Siberia». According to experts, the steel corporation, the issuer's right to dispose of this package was terminated July 9, 2013. It is about 7.3 bn. Shares, which became the new owner of the structure, close corporation SUEK (OJSC «Siberian Coal Energy Company»). The decision to sell the stake in «IDGC of Siberia» (if there is a good offer from the buyer) management of MMC «Norilsk Nickel» has taken on a meeting held on the board of directors of the company last week.
Recall that the OJSC «Interregional Distribution Grid Company of Siberia» is engaged in the transportation of electricity distribution networks in the Trans-Baikal region, the Krasnoyarsk Territory, the Omsk, Tomsk and Kemerovo regions, as well as on the Altai territory, Buryatia, Khakassia and Tuva. The total length of «IDGC of Siberia» of transmission lines equals 266 thous. Km. Also company owns 1 846 substations with a voltage of 35−110 kW and 50 803 substations with voltage of 6−10 kW. The main shareholder of JSC «IDGC of Siberia» in favor of JSC «IDGC Holding».
MMC «Norilsk Nickel» — is one of the leading producers of non-ferrous metals. Corporation covers 38% of world production of palladium, 22% nickel, 9% platinum and 3% copper. In addition, «Nickel» produces metals such as gold, silver, osmium, selenium, iridium, ruthenium, and tellurium. Major production facilities of the corporation are located in Russia — in the Norilsk region and the Kola Peninsula. Also, the organization has assets in Europe, in the territories of Australia, Botswana and South Africa. Main activities «MMC» Norilsk Nickel «- prospecting, exploration, extraction and processing of non-ferrous and precious metals, as well as the production and sale of products of varying degrees of redistribution of these resources. The main shareholders of MMC «Norilsk Nickel» are financial group «Interros» and OK «Rusal». Recall that the net profit of «Norilsk Nickel» in the last year amounted to 2.143 billion. Dollars.
