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Business Roman Abramovich

  • *Case part of long-running tussle to control Nornickel. LONDON, May 14- Russia tycoon Oleg Deripaska gave evidence in the London High Court on Monday in a case challenging the sale of shares in Norilsk Nickel by soccer club owner Roman Abramovich. Deripaska, making his first public appearance since being made a target of U.S. sanctions, wants to stop Abramovich...

  • LONDON, May 11- A London High Court trial over the legality of Russian billionaire Roman Abramovich's sale of a stake in Norilsk Nickel will start on Monday, part of a long-running battle for control of the miner. Rusal, which is controlled by Oleg Deripaska, is trying to stop Chelsea soccer club owner Abramovich selling Norilsk Nickel shares to billionaire...

  • MOSCOW, March 15- Russian billionaire Vladimir Potanin's Interros Holding said it had completed the purchase from businessman Roman Abramovich of a 2 percent stake in Norilsk Nickel, which has been the subject of a legal battle. Abramovich struck a provisional deal last week that allowed him to sell a 4 percent stake in Norilsk to fellow shareholders Potanin...

  • LONDON, March 8- Russian billionaire Roman Abramovich has struck a deal that would allow him to sell a 4 percent stake in miner Norilsk Nickel to fellow shareholders Vladimir Potanin and aluminum producer Rusal, pending the outcome of a court case, a lawyer for Rusal said. Under the provisional arrangement, Abramovich's Cyprus- based company Crispian would be...

  • MOSCOW, March 8- Russia's Interros Holding, which manages the assets of Russian billionaire Vladimir Potanin, plans to complete the purchase of a 2 percent stake in miner Norilsk Nickel from businessman Roman Abramovich next week, Interros said on Thursday.

  • Russia shares Europe's concern about the decision, Kremlin spokesman Dmitry Peskov said on Friday, adding that Moscow is "carefully analysing the situation which is forming in trade relations after this statement". Russian deputy prime minister Arkady Dvorkovich said he expected some damage to Russia from the new duties, Interfax news agency reported, but he...

  • BEIJING, Feb 28- Shanghai metals mostly lost ground on Wednesday after new U.S. *SHFE COPPER: The most-traded April copper contract on the Shanghai Futures Exchange slipped 1 percent to 52,820 yuan a tonne by 0208 GMT and is set to end February at around the same level it started the month. *ALUMINIUM: The U.S. Commerce Department said on Tuesday it had made a final...

  • LONDON, Feb 27- Russian billionaire Vladimir Potanin's Cyprus- based firm Whiteleave, aluminium giant Rusal and Roman Abramovich's Crispian have agreed to delay a sale of a 2 percent stake in Norilsk Nickel by Abramovich to Potanin, a lawyer for Whiteleave said. Chelsea soccer club owner Abramovich's Cyprus- based Crispian on Tuesday sought a London court's...

  • LONDON, Feb 27- Chelsea soccer club owner Roman Abramovich's Cyprus- based Crispian on Tuesday sought a London court's permission to sell 2 percent of Norilsk Nickel to billionaire Vladimir Potanin, a move aluminum producer Rusal is trying to block. Potanin's Cyprus- based Whiteleave exercised its right to buy 2 percent of Nornickel last week, requiring the...

  • *Deripaska's Rusal tries to block their deal in London court. MOSCOW, Feb 26- Two of Russia's richest men could trigger a complicated auction known as a "shootout", in a bid to end their long-running battle for control of mining giant. Potanin and Oleg Deripaska's aluminium giant Rusal,.

  • MOSCOW, Feb 23- Russian aluminum giant Rusal posted a 42 percent jump in fourth-quarter core earnings on Friday, helped by higher aluminum prices, and announced billionaire Oleg Deripaska would step down as president, as expected. The world's second-largest aluminum producer after China's Hongqiao said its fourth-quarter revenue rose 35 percent to $2.75...

  • Hong-Kong listed Rusal said fourth-quarter earnings before interest, taxation, depreciation and amortization rose to $586 million from $412 million in the last quarter of 2016. The world's second-largest aluminum producer after China's Hongqiao said its fourth-quarter revenue rose 35 percent to $2.75 billion. Rusal's quarterly net profit came in at...

  • MOSCOW, Feb 19- Russian businessman Mikhail Prokhorov has agreed to sell a 6 percent stake in Russian aluminum giant Rusal to a consortium of investors led by billionaire Viktor Vekselberg and his partners, the consortium said on Monday. The consortium said in a statement that after the deal, Vekselberg and his partners will hold 26.5 percent in Hong Kong- listed...

  • MOSCOW, Feb 19- Russian billionaire Oleg Deripaska plans to step down as the president of the two companies he controls- aluminum giant Rusal and En+ Group, two sources familiar with the matter told Reuters. En+ has invited international banks to pitch for the sale of $1 billion of shares in the company, three sources told Reuters last week. Deripaska's En+ owns assets...

  • MOSCOW, Jan 30- Following is the list of heads of the Russian state-owned companies and so-called "oligarchs", identified by the U.S. Treasury Department as close to President Vladimir Putin on Tuesday. 1. Alexei Miller- Chief Executive Officer, Gazprom. 4. Oleg Belozerov- President with the state-owned company Russian Railways.

  • Pablo Picasso's “Les femmes d’Alger (Version O)”

    Buyer still at large

  • Christie's auctions off watches including the world's most expensive Rolex.

    Christie's could sell $500M of art in a single night, including a "masterpiece" by Lucian Freud.

  • Vladimir Putin, Russia's president, addresses a meeting of the Russian Union of Industrialists and Entrepreneurs (RSPP) during Russia Business Week in Moscow, Russia, on Thursday, March 20, 2014.

    An ally of Russian President Vladimir Putin, hit by U.S. sanctions, suggested on Sunday the move had backfired.

  • LONDON, Oct 12- Russian businessman Boris Berezovsky will pay 35 million pounds towards the legal fees of Chelsea Football Club owner Roman Abramovich after failing in a $6 billion London court battle with his former protege, lawyers said.

  • LONDON-- A British court has ordered self-exiled Russian tycoon Boris Berezovsky to pay 35 million pounds in legal costs to fellow Russian Roman Abramovich after losing a lawsuit against him.