Interview with Tim McCutcheon
Tim McCutcheon, a managing partner of DBM-Capital and an expert on metals markets, is sure that in reality there is only one possible buyer of Prokhorov’s 25% stake in Norilsk Nickel.
“If you think about the size of the deal that is required for Mr Potanin to buy his partner’s stake – well over $US 15 billion, all in cash – frankly it was sort of a ”pie in the sky“ type deal. It is understood from the day one that Potanin would not be able to fulfill those terms set for him by Prokhorov. So only Rusal’s will be able to buy Prokhorov’s stake, giving him stake in Rusal plus cash,” commented McCutcheon.