June 27, 2018 / 2:54 PM / 5 months ago

UK court: Abramovich did not have right to sell stake in Nornickel to Potanin

LONDON, June 27 (Reuters) - Russian billionaire Roman Abramovich, best known in Britain as the owner of Premier League soccer club Chelsea, did not have the right to sell a stake in a Norilsk Nickel to another businessman, Vladimir Potanin, a London High Court judgment said on Wednesday.

The ruling follows a long battle between Russian billionaires Oleg Deripaska and Vladimir Potanin for control of the Russian company, which is one of the world’s biggest producers of nickel and palladium. (Reporting by Barbara Lewis; writing by Barbara Lewis and Polina Devitt; editing by Elaine Hardcastle)

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