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Friday, July 21, 2017

Interros approves EGM on interim dividend

Interros representatives attending the MMC Norilsk Nickel board of directors meeting recently supported the decision to hold an EGM by absentee vote on Dec 20.

Shareholders will vote on the payment of interim dividend for the first nine months of fiscal year 2013 in the amount of $1.1 billion.

The shareholders reimbursement was made possible due to the effective management of the company, which has provided MMC's profit and market capitalization growth amid falling prices and volatility in world non-ferrous metals market, Interros said.

Interros, one of the largest private investment companies in Russia, has interests in metals and mining through MMC Norilsk Nickelm mass media through ProfMedia Holding and Cinema Parkm and transport and logistics through Interport.

Eighty percent of Interros's investments are located in the Russian Federation.