Norilsk seeks $721.5 million for 51.3% stake in Stillwater

Dec 09, 2010 | 05:20 AM |

MMC Norilsk Nickel will look to garner $721.5 million from the sale of a 51.3-percent stake in Canadian platinum and palladium producer Stillwater Mining Co.

The company priced the 37 million shares at $19.50 apiece in a public placement through wholly owned subsidiary Norimet Ltd. If fully subscribed, its stake will be cut to less than 10 percent and to zero if oversubscribed.....

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