OREANDA-NEWS. Norilsk Nickel Group completed the acquisition of a part of OJSC OGK-3 additionally issued shares. The stake of 17,836,343,101 shares was bought at RUB 4.54 (USD 0.173) per share. Total cash consideration amounts to RUB 80,976,997,678.54 (USD 3,085,687,356.47).

According to the press service of “Norilsk Nickel”, total number of OGK-3 additionally issued ordinary shares was 18 billion, including 163,656,899 shares bought at the same price by the existing OGK-3 shareholders executing their pre-emptive rights.

After completion of the transaction Norilsk Nickel Group owns 46.2% of OGK-3 share capital, while the share of RAO UES has reduced to 37.1%, and minority interest has reached 16.7%.

As provided by the Russian law within 35 days after the completion of the transaction, Norilsk Nickel will make a mandatory offer to OGK-3 shareholders to acquire their shares in OGK-3 at the price not lower than Norilsk paid for the shares of the last additional issue.