News - Vladimir Potanin
MOSCOW, April 20, 2011 /PRNewswire/ -- Mikhail Delyagin, a prominent Russian economist and the head of the Globalization Institute, presented his report "Why Corporate Governance Is Back On The Agenda Today, And Why Russian Corporations Need It." In his report, the author delves into the business and operations of Norilsk Nickel, one of Russia's industrial giants. Delyagin says that one of the key problems affecting the competitiveness of many national industry players in Russia, especially when compared to their direct international competitors, is very poor corporate governance.
A mega merger proposal in Russia would result in the Kremlin controlling 25 percent plus one share of a company that includes an Oregon steel maker. The merger would include Evraz Group, which bought Oregon Steel Mills in 2007 for $2.35 billion, The Oregonian reported Monday. Norilsk Nickel shareholders Vladimir Potanin and Oleg Deripaska have proposed the merger, which would also involve mining company Metalloinvest, potash-producer Uralkali and titanium-producer VSMPO-Avisma, the newspaper said. The Russian government, through Russian Technologies, would own its share by agreeing to refinance the company's foreign debt. Evraz's foreign holdings have not had an easy year.
NEW YORK, Feb. 12 /PRNewswire/ -- As worldwide demand for metal plummets, Russia's top metals producers are finding that bailouts aren't enough. Instead, the industry's leaders have proposed a massive merger of their assets to create a quasi-state metals holding company.
NEW YORK, Feb. 1 /PRNewswire/ -- Severely weakened by the economic crisis, Russia's top metals producers are embracing a proposal to merge into one massive company.
