Crispian Investments, owned by tycoon Roman Abramovich and his partners, has no plans to sell more shares in Russian metals giant Norilsk Nickel, Crispian’s co-owner Alexander Abramov said.
On March 12, a financial market source said that Crispian offered a 1.7% stake in Norilsk Nickel for about $560 million, or about 13,450 rubles per share.
“We decided to sell the shares as the price was good. We don’t plan to sell more shares in the future. If the price changes drastically, we may even start buying the shares. This is business,” Abramov said. (Prime/Ukrainian metal)