Russia's Federal Securities Committee (FSC), a market regulator, slapped on Wednesday a 334,000-ruble (12,000 dollars) fine on metals giant Norilsk Nickel for breaching shareholders' rights, Interfax agency reported.
An FSC spokesman confirmed that the fine had been imposed because the Russian company had not submitted all the documents required on its company restructuring, but did not confirm the amount.
Norilsk Nickel unexpectedly announced at the end of September a restructuring which involved a exchange of Norilsk Nickel shares for stock in Norilsk Mining Company, its main subsidiary and production company.
The FSC launched a probe into possible breach of shareholders' rights and asked the group to deliver relevant documents.
Norilsk Nickel, the world's leading producer of nickel and palladium, is controlled by the Interros group, controlled by businessman Vladimir Potanine. Some 20 percent of the company's shares are held by international investors -- MOSCOW (AFP)
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