RUSAL says Nevis Court cancels Norilsk injunction

Feb 28th, 2011

Russian aluminium giant UC RUSAL said that a Nevis court on Sunday cancelled an injunction it obtained earlier this month related to a share buyback by Norilsk Nickel's Corbiere unit.

RUSAL said it will consider appealing the decision as soon as the court issues its written decision.

Corbiere bought back more than 7 percent of Norilsk Nickel in a controversial deal last month.