Russia: Potanin to negotiate Norilsk’s dividend cut with RUSAL
Vladimir Potanin, the key shareholder of Russian metals producer Norilsk Nickel, plans to start negotiations with aluminum maker RUSAL, which owns 27.82% in Norilsk, to change the dividend formula to reduce the payouts, Bloomberg reported on March 27. Norilsk Nickel’s shares lost 2.2% at the opening of the Moscow Exchange on the news. RUSAL of…