Norilsk Nickel could invest in Finnish Talvivaara
The Russian mining company Norilsk Nickel could invest in the Finnish Talvivaara, according to Taloussanomat. The Finnish language piece wrote that acquiring the embattled mining company would bring positive publicity for the Russian company. It said that because Talvivaara has been supplying raw materials for the Russian company’s foundry in Harjavalta, acquiring Talvivaara would make sense.
The piece cited an analyst name Dmitri Kolomytsy from Morgan Stanley, who said that because of the Russian company’s interest in Harjavalta, it could be interested in investing in Talvivaara.
Norilsk Nickel has held Talvivaara shares before but has reduced its stake as the Russian company did not partake in the shares issue last year. Norilsk Nickel’s spokesperson refused to comment on the piece.
Taloussanomat