Russian investor requires to access Corus board

Russian investor requires to access Corus board

According to latest industry reports, a Russian investor named Alisher Usmanov who already owns a £96 million stake in Corus, requires to access the board of company. Usmanov has iron and steel plants in the Ural mountains and is the second largest shareholder with 7.4% stakes of Corus. As previously reported by SteelOrbis, Usmanov used to state previously that he had no intention to take place on the board. However, Usmanov now wants to raise his shares in Corus to 10% to play an active role on decisions regarding Corus' plans. Corus officials have not invited Usmanov to special negotiation. Usmanov will be involved in the meeting to be held early next year with the significant shareholders.