OREANDA-NEWS. December 25, 2007. UC RUSAL, the world's largest aluminium and alumina producer, announced its intention to buy 2% stake in Norilsk Nickel from KM-Invest. The official letter stating UC RUSAL's intention to buy 2% stake in Norilsk Nickel was sent to CEO of KM-Invest on 24 December 2007.  

On 19 December, 2007, the Board of Directors of KM-Invest made a decision to sell up to 2% of its stake in Norilsk Nickel.

The agreement on UC RUSAL to purchase a 25% plus one share interest in Norilsk Nickel from ONEXIM Group came into effect on 21 December. This acquisition progresses UC RUSAL's plan to create Russia's first diversified global metals and mining corporation.