New round of corporate wars around Norilsk Nickel asset — Alisher Usmanov enters the game

Tuesday, Apr 19, 2011 at 2:03 pm in Metals & Mining
Posted by Tim Berg, Analyst

Today Russian newspaper Kommersant has published a lengthy interview with Alisher Usmanov, Russian oligarch and owner of Metalloinvest holding. Mr. Usmanov has answered a number of questions regarding future of Metalloinvest and other businesses where he performs as co-investor, but the key part of his interview was dedicated to the ongoing shareholders conflict in Norilsk Nickel, where Oleg Deripaska and Vladimir Potanin are fighting for control since April, 2008.

Alisher Usmanov has entered this conflict in its initial stage back in 2008. He has created the alliance with Potanin and bought 5% of Norilsk Nickel on the market, spending $2.5 billion, even before Michael Prokhorov has sold his stake to Oleg Deripaska. Later on his strategy was supported by recommendations of Dresdner Kleinwort, British-based investment bank, which adviced a merger of Metalloinvest and Norilsk Nickel assets in order to create a world’s largest metallurgical company.

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Success of Russian IPO’s dependent from small and mid-size companies

Wednesday, Mar 30, 2011 at 9:40 am in Financials
Posted by Tim Berg, Analyst

Russian companies had started again to look for investors money after long period of compel downtime forced by impacts of the financial crisis. And it is not just the plain talks of top-managers about 'possibilities' or 'plans' — the IPO process and engagement of financial advisers and bankers is running in several Russian companies already.

We are talking about shares placement not only of large moguls with capitalization over $1 billion, among which would be important to mention Rusagro, Vertolioty Rossii (Russian Helicopters), Euroset and Metalloinvest. The process of fundraising has been found attractive in current economical conditions also by a much smaller companies.

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