Rusal fails in its latest attempt to change Norilsk board

摘要

OLEG Deripaska's Moscow-based UC Rusal has been thwarted in its attempt to restructure the board of MMC Norilsk Nickel. At an extraordinary shareholders meeting on Thursday, Rusal failed to secure the 50% support necessary to elect new independent directors. Rusal, which has a 25% stake in Norilsk Nickel, claimed that many minority investors supported its attempts.