Norilsk Nickel acquires Taimyrenergoadmin
Norilsk Nickel has won the auction for the acquisition of a 100-percent stake in Taimyrenergo, the press service of RAO UES of Russia reports. Norilsk Nickel offered RUR7.290bn (approx. USD269m). The starting price for 100 percent of the company’s shares (1,259,540,156 common shares) was RUR5.96bn (approx. USD220m). The bid increment was RUR20m (approx. USD740,192). Four bidders took part in the auction.