Norilsk Nickel to sell its stake in Stillwater

Nov 29, 2010 | 12:28 PM | Thorsten Schier

MMC Norilsk Nickel plans to sell most of its 51.3-percent stake in platinum and palladium producer Stillwater Mining Co. through a public share offering as part of its strategy to sell off its North American operations.

The company will offer 37 million shares in a public placement through its wholly-owned subsidiary Norimet Ltd. If fully subscribed, its stake will be cut to below 10 percent and to zero if oversubscribed.....

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