February 26, 2018 / 10:30 AM / 4 months ago

Kremlin following Nornickel ownership dispute, won't intervene

MOSCOW (Reuters) - The Kremlin is following the situation around Norilsk Nickel’s (GMKN.MM) shareholders but does not plan to intervene, spokesman Dmitry Peskov told reporters on Monday.

FILE PHOTO - Kremlin spokesman Dmitry Peskov attends a meeting of Russia's President Vladimir Putin with his Macedonian counterpart Gjorge Ivanov at the Kremlin in Moscow, Russia, May 24, 2017. REUTERS/Sergei Karpukhin

A power struggle over Nornickel resurfaced earlier this month when billionaire Vladimir Potanin offered to buy Roman Abramovich’s stake in the mining group, and a third businessman, Oleg Deripaska, tried to block the deal.

Reporting by Polina Nikolskaya; writing by Katya Golubkova; Editing by Christian Lowe

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