OREANDA-NEWS. March 24, 2011. OJSC “MMC “NORILSK NICKEL” (MMC Norilsk Nickel or Company) is providing an update regarding the transaction on disposal of its stake in OJSC “OGK-3”, reported the press-centre of Norilsk Nickel.

The stake of the Company in OJSC “OGK-3” decreased down to 0% as part of the planned transaction of swapping the shares of OJSC “OGK-3” for shares of OJSC “INTER RAO UES”.

In accordance with terms of the transaction CJSC “INTER RAO Capital” and MMC Norilsk Nickel entered into a pledge agreement, securing the stake in OJSC “OGK-3” in favor of the Company.

The pledge agreement will be effective till the completion of additional share issue of OJSC “INTER RAO UES”, when the share swap deal will be closed.

The share swap deal was approved by the Board of the Company on December 28, 2010.