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Russia's RUSAL nominates Prokhorov to Norilsk board

Monday, Dec 01, 2008
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MOSCOW, (Reuters) - Russia's aluminium major RUSAL said on Friday it had added its major shareholder Mikhail Prokhorov to its list of candidates for the board of metal giant Norilsk Nickel. A RUSAL spokeswoman said it had left Prokhorov, who holds a 14 percent stake in RUSAL, off the list of nominees issued on Thursday because of a technical error. The Russian aluminium producer on Thursday nominated five of its own candidates as well as five independent businessmen, including powerful Kremlin deal broker Alexander Voloshin, to the body. [ID:nLR487601] Shareholders will vote on the candidates at a Dec. 26 extraordinary general meeting when the board is expanded to 13 members from nine. Prokhorov in April sold a 25 percent plus two shares stake in Norilsk Nickel to RUSAL in a cash and share deal that gave him the 14 percent stake in the aluminium company.

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