Norilsk To Raise $1.2B In Share Buyback
Norilsk Nickel has launched a $1.2 billion share buyback program.
Norilsk Nickel has launched a $1.2 billion share buyback program, The Wall Street Journal reports. The nickel producer will purchase its shares on the Micex and RTS exchanges in Russia and American Depositary Shares on the London Stock Exchange.
The buyback is part of the $4.5 billion buyback program approved by the Russian mining company’s board in December 2010. Norilsk has already completed a $3.3 billion share buyback.
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