Tuesday, June 19, 2007

Norilsk CEO expects LionOre deal by June 28

(Reuters) - Norilsk Nickel expects to complete the acquisition of LionOre Mining International Ltd. by June 28, when a rival offer by Xstrata Plc. is due to expire, the company's chief executive said on Tuesday.

Denis Morozov told a conference he considered it unlikely Xstrata would match Norilsk's C$6.8 billion bid for the world's 10th-largest nickel producer.


Read more at Reuters Africa

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