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Norilsk Nickel shareholder opposes board candidates

© RIA Novosti . Ilya Pitalev / Go to the mediabankNorilsk Nickel
Norilsk Nickel - Sputnik International
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Gardenstate Holdings Limited, a shareholder in Russia's mining giant Norilsk Nickel, has asked an arbitration court to declare invalid the list of potential board candidates, Norilsk said in a statement on Friday.

Gardenstate Holdings Limited, a shareholder in Russia's mining giant Norilsk Nickel, has asked an arbitration court to declare invalid the list of potential board candidates, Norilsk said in a statement on Friday.

The candidates were put forward for election at Norilsk's extraordinary shareholder meeting.

Gardenstate Holdings says RusAl Investment Management, which owns a 25 percent stake in Norilsk Nickel, submitted two different copies of their charter with the same reference information and certified by the same public notary.

Both Norilsk Nickel and RusAl Investment Management will act as defendants in the law suit.

RusAl said the charter was in accordance with Russian law.

RusAl, and Interros, billionaire Vladimir Potanin's investment arm, which also owns a 25 percent stake in Norilsk Nickel, have been embroiled in a shareholder row since RusAl lost one seat on Norilsk's board at the company's annual general meeting in June, while Interros increased its representation.

RusAl has accused Interros of ruining the parity of the company and the board of directors of vote fraud.

Interros told RIA Novosti that Gardenstate Holdings had no connection with Interros. Norilsk Nickel declined to comment.

MOSCOW, Oct 8 (RIA Novosti) 

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