August 14, 2008 / 12:14 PM / 12 years ago

Russia's UC RUSAL demands Norilsk board re-election

MOSCOW, Aug 14 (Reuters) - United Company RUSAL, the world’s largest aluminium producer, on Thursday demanded an extraordinary shareholders’ meeting in September to re-elect the board of mining giant Norilsk Nickel (GMKN.MM).

UC RUSAL, holder of a 25 percent-plus-two-shares stake in Norilsk, said it believed the current board was fully controlled by rival shareholder Interros and was incapable of reversing a slide in Norilsk Nickel’s market value. (Reporting by Aleksandras Budrys, editing by Robin Paxton)

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