Financial Times FT.com

Norilsk eyes metal mega-merger

By Catherine Belton in Moscow and Neil Buckley in London

Published: January 19 2009 14:11 | Last updated: January 19 2009 19:04

An ambitious plan to create one of the world’s biggest mining groups through the merger of up to five Russian companies has been proposed by two billionaire tycoons.

Oleg Deripaska and Vladimir Potanin, the two biggest shareholders in Norilsk Nickel, have proposed the merger as the groups seek to restructure tens of billions of dollars in debts.

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