02.03.2009 - Medvedev lays metals merger to rest
From Moscowtimes.ru: Russia's metals billionaires have shelved plans to create a national mining giant around Norilsk Nickel after the Kremlin opposed a proposal to absorb their billion-dollar debts in exchange for a stake in the firm. The decision, reached at a meeting between President Dmitry Medvedev and several metal industry leaders Thursday, will force metals company owners to restructure their own debts as the Kremlin preserves cash to fight a looming budget deficit..... Full Article: Source
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