Norilsk Nickel trades up after popular block trade

Norilsk Nickel_alamy_230x150
By Sam Kerr
12 Mar 2019

Investors were so enthused by an offering in Norilsk Nickel, the Russian nickel and palladium mining and smelting company, on Tuesday night that bookrunners increased the sale to $550m, and the stock has continued to perform well in trading.

Credit Suisse, Citi and VTB Capital were bookrunners on the deal.

Crispian Investments a company jointly owned by Russian oligarchs Roman Abramovich and Alexander Abramov, set out to sell sell around 2m shares in Norilsk, about a 1.25% stake, worth roughly R28.9bn ($440m).

But ...

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