February 16, 2018 / 1:38 PM / 10 months ago

UK judge allows parties in Nornickel case to delay hearing to March

FILE PHOTO - The logo of Russia's miner Norilsk Nickel (Nornickel) is seen on a board at the St. Petersburg International Economic Forum 2017 (SPIEF 2017) in St. Petersburg, Russia, June 1, 2017. REUTERS/Sergei Karpukhin/File Photo

LONDON (Reuters) - A London court judge, Stephen Phillips, said on Friday he would allow parties involved in the case related to Russia’s Norilsk Nickel (GMKN.MM) (Nornickel) to delay the injunction hearing until the week beginning March 5.

Russian businessman Vladimir Potanin offered to buy a stake in Nornickel from Roman Abramovich. Rusal (0486.HK), which also owns a stake in Nornickel and is controlled by businessman Oleg Deripaska, is seeking this injunction in order to block the deal.

Reporting by Alistair Smout and Peter Hobson; writing by Polina Devitt; editing by Polina Ivanova

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