Russia's tycoon Oleg Deripaska, the chief executive and main owner of United Company RUSAL , is ready to buy out a blocking stake in Norilsk Nickel from RUSAL for $9 billion, the business daily Vedomosti reported on Monday.
The newspaper, citing sources close to RUSAL's shareholders, said that the price, however, does not satisfy RUSAL's minority shareholders. Hong Kong-listed RUSAL is the world's top aluminium maker.
Deripaska has been entangled in a row with RUSAL's disgruntled minority investors led by Sual Partners' Viktor Vekselberg over the company's strategy. Vekselberg, another Russia's billionaire, quit as the RUSAL's chairman earlier this month.
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