Potanin Buys Shares in Rival Deripaska’s Rusal, Vedomosti Says

Russian billionaire Vladimir Potanin said he bought shares in United Co. Rusal on the market “when they fell,” Vedomosti reported.

The investment wasn’t “big,” Potanin told the Moscow- based newspaper in an interview published today.

Potanin and billionaire United Co. Rusal Chief Executive Officer Oleg Deripaska are locked in a dispute over the management of OAO GMK Norilsk Nickel, the world’s largest producer of the metal. Rusal, which owns 25 percent percent of Norilsk versus Potanin’s 30 percent, rejected a $12.8 billion cash buyout offer from Norilsk for its stake last week.

（Bloomerg）