ASSESSMENTS

Russia: Merger Rumors and an Oligarch's Fate

Jun 4, 2007 | 19:01 GMT

Summary

Norilsk Nickel's shares jumped 8.5 percent June 1 due to rumors of a buyout by United Company RUSAL. Though a merger between the two commodity giants makes economic sense, a company that large cannot come into being without Kremlin approval. If true, the latest rumors would indicate that RUSAL head Oleg Deripaska has either become a favorite of Russian President Vladimir Putin or is making a grand finale before pulling a Roman Abramovich — that is, leaving the messy stage of Russian politics and big business.

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