Interview with Tim McCutcheon
Published: 20 December, 2007, 14:48
TAGS: Interview
The global liquidity crunch can affected the long-lasting split of the leading Russian metal producer NorNickel, believes Tim McCutcheon, managing partner of DBM-Capital and an expert on metals market.
Tim McCutcheon, a managing partner of DBM-Capital and an expert on metals markets, is sure that in reality there is only one possible buyer of Prokhorov’s 25% stake in Norilsk Nickel.
“If you think about the size of the deal that is required for Mr Potanin to buy his partner’s stake – well over $US 15 billion, all in cash – frankly it was sort of a ”pie in the sky“ type deal. It is understood from the day one that Potanin would not be able to fulfill those terms set for him by Prokhorov. So only Rusal’s will be able to buy Prokhorov’s stake, giving him stake in Rusal plus cash,” commented McCutcheon.
20.12.2007, 11:12
Russia to suffer if West takes its money backThe flow of money from West to East is being reversed. Western investors have pulled billions of dollars out of Russia since August to cover their global credit hits. Russian bankers have met in Moscow to discuss the Russian reaction to a U.S. recession, |
20.12.2007, 15:12
Metal giant's owners fail to divorce amicablyBillionaires Vladimir Potanin and Mikhail Prokhorov have come a step closer to dividing up their assets. Holding firm KM Invest, which belongs to them, will sell 2% of the world's largest nickel miner Norilsk Nickel and 7.4% of gold producer Polyus. |
