August 20, 2012 / 9:58 AM / 6 years ago

Putin hopes Norilsk shareholder conflict to be resolved soon

Russia's Prime Minister and President-elect Vladimir Putin attends a meeting with members of the United Russia party in Moscow April 24, 2012. REUTERS/Alexei Nikolsky/RIA Novosti/Pool

MOSCOW (Reuters) - Russia’s president Vladimir Putin said on Monday he hoped a long-running shareholder conflict at Norilsk Nickel’s (GMKN.MM), the world’s largest nickel and palladium miner, will be resolved soon.

“This situation (at Norilsk Nickel) has changed for the better thanks to the company’s management and the owners’ sense of social responsibility, although they have not yet resolved all their issues,” Putin said during a meeting with coal and mining industry representatives in the Kremlin to mark Miners’ Day, an upcoming industry holiday.

“We hope all their disagreements will be resolved in the interests of (Norilsk Nickel) operations and the people who work at its plants,” he added.

Businessman Vladimir Potanin is the largest shareholder of Norilsk. He has been locked in a struggle for control of the Arctic miner with Oleg Deripaska, whose aluminum company RUSAL (0486.HK) owns a 25 percent stake in Norilsk. (Reporting by Gleb Bryanski; Writing by Polina Devitt)

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