Russia bank gives OK for Norilsk-Stillwater deal

Russian metals giant MMC Norilsk Nickel can officially kick off its takeover of Columbus, Mont.,-based Stillwater Mining Co. after the Central Bank of Russia gave it the green light late Tuesday.

"We have satisfied all of the main conditions precedent to the closing of the Stillwater transaction," Dmitry Razumov, Norilsk's deputy general director, said in a statement.

On Monday, 83 percent of Stillwater's shareholders voted in favor of the transaction at a special meeting in Denver. The same day, the Federal Trade Commission (FTC)...

Published

June 19, 2003

01:35 GMT

New York