Metalloinvest, Alisher Usmanov’s iron ore producer, spent $2.2 billion that it raised in a loan from banks in May to buy a 4 percent stake in Norilsk Nickel, Moody’s Investor Service said. “The stake was bought at market price, and therefore is unlikely to provide any meaningful upside in the near term or be liquidated without loss in value, given its size,” Moody’s said in a report […]