Templeton increases its shareholding in Lukoil and Norilsk Nickel
Edited by Rhod Mackenzie / 2014-11-06 01:06:54
Metals and mining Norilsk Nickel Oil and Gas Russia Russia Metals and Mining Russia Oil and Gas Gas Lukoil Oil
The Templetons Fund, Templeton Foreign Fund enlarged their shareholding in Lukoil and Norilsk Nickel in May – August 2014, the fund’s documentation reports.
By the end of August, Templeton Foreign Fund increased the volume of GDR in Lukoil to 557,800. Under the market price, they had to pay over $30 million for the shareholding.
As of today, Templeton Foreign Fund holds 2 million GDR in Norilsk Nickel. They had to pay $40 million for the shareholding.
Translated by Nadezhda Poltoratskaya
