Shareholder proposes Nornickel dividend coverage adjustments, Interfax says

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Shareholder proposes Nornickel dividend coverage adjustments, Interfax says

MOSCOW, March 24 (Reuters) - Russia's Interros, the


MOSCOW, March 24 (Reuters)Russia’s Interros, the most important shareholder at Nornickel, has proposed altering the steel miner’s dividend coverage till 2023 and paying 50%-60% of its free money stream in dividends, Interfax information company reported on Wednesday.

It additionally proposed minimising Nornickel’s last dividend fee for 2020, Interfax added, citing the pinnacle of Interros.

(Reporting by Polina Devitt; Modifying by Edmund Blair)

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