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Russian agency allows Rusal to buy into Norilsk

Thu Jan 31, 2008 8:35pm IST
 
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MOSCOW, Jan 31 (Reuters) - Russia's antitrust agency said on Thursday it had allowed United Company Rusal to buy a stake of 29 percent in metals major Norilsk Nickel (GMKN.MM: Quote, Profile, Research).

Rusal, the world's largest aluminium producer, is seeking to buy the stake from Onexim Group, controlled by billionaire Mikhail Prokhorov.

(Reporting by Tanya Mosolova; Editing by Dmitry Zhdannikov)

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