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9 Jul, 2008 03:59

Rusal wants changes on Norilsk Nickel board

Rusal wants changes on Norilsk Nickel board

Oleg Deripaska's aluminium maker – Rusal – wants to replace Norilsk Nickel's newly-elected board of directors and its chairman – Vladimir Potanin.

Rusal, which has a 25 % stake in Nornickel, says the new board is now under the control of Interros and does NOT represent the interests of ALL shareholders.

Earlier this week, Potanin – owner of the investment company Interros Holding – and his partner were elected as chairman and CEO of the world's largest nickel producer.