10 Aug 2011 14:19

Norilsk Nickel board to discuss new buyback Aug 15

MOSCOW. Aug 10 (Interfax) -The board of directors at MMC Norilsk Nickel will discuss another share buyback in August 15, says the agenda for the meeting, seen by Interfax.

The share price will be based on the company's latest offer to buyout shareholder UC Rusal and recommendations by banks.

The last offer that Norilsk Nickel made to Rusal was to buy the aluminum giant's 20% of Norilsk Nickel for $12.8 billion per share.