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acquisition of Norilsk Nickel

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On the 4th of December, it was confirmed that Roman Abramovich agreed to acquire a 7.3 percent stake in OAO GMK Norilsk Nickel to resolve a long and aggressive fight over control between two biggest owners of the Russia’s largest mining company. The dispute, which has been lasting for the last four years, is expected to end. Roman Abramovich, the billionaire owner of Chelsea football club, is said to spend as much as $2 billion on the acquisition of the stake in Norilsk Nickel.

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