Rusal Is Waiting for Higher Offer From Norilsk, Interfax Says

Bloomerg Jan 25---United Co. Rusal is waiting for a higher offer than $12 billion from OAO GMK Norilsk Nickel to buy out Rusal’s stake in the company, Interfax reported, citing Rusal’s Chairman Viktor Vekselberg.

Rusal investors Vekselberg and Mikhail Prokhorov want to continue talks with Norilsk, while Rusal Chief Executive Officer Oleg Deripaska is opposed to a sale of the shares, Interfax said, citing an unidentified person.