GMK Noril'skiy nikel' OAO to Sell Pension Fund to UCP-Interfax
Interfax reported that GMK Noril'skiy nikel' OAO (Norilsk Nickel) could raise $85 million by selling the Norilsk Nickel Pension Fund (Nasledie) to Ilya Scherbovich's UCP, Norilsk Nickel said in a Eurobond prospectus. The deal could close in the fourth quarter of this year. UCP is buying the company Funds Administrator, which owns LLC Norilsk Nickel Pensions Administrator. The Federal Antimonopoly Service authorized the deal in September, but the terms of the deal were not disclosed.
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