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Norilsk Nickel Finished Share Buy-Back

Norilsk Nickel has completed a buyback of 7,853,807 common shares, RBC reported yesterday

The Russian nickel producer announced in its statement Monday that the share buyback was completed at a price roughly estimated as $1.33 bln.

The company originally planned to buy back up to 7.947m common shares, or some 4 percent of its share capital, at $170 per share. As Norilsk Nickel told RBC today, it bought back all the shares submitted by shareholders under the buyback program.

Author: Ksenia Kochneva