A Siberian arbitration court said on Friday it had dismissed a suit filed by the world's largest aluminum producer RusAl against Russia's top nickel producer Norilsk Nickel to declare invalid the election of Norilsk's board at its latest shareholders' meeting.
At the June AGM, the Alexander Voloshin, former board chairman nominated by RusAl, lost his position, while Interros, another shareholder with a quarter of Norilsk's shares, increased its representation.
RusAl has also claimed that its three candidates to the board were too few compared to its 25% stake in Norilsk Nickel.
KRASNOYARSK, Russia, February 11 (RIA Novosti)
