Tycoons Again Put Off Assets Split

Mikhail Prokhorov and Vladimir Potanin have failed to agree on the liquidation of a jointly owned firm valued at $11 billion to $14.7 billion and postponed a decision until Feb. 29, Prokhorov's Onexim Group said.

Onexim said Tuesday that the decision to hold a new meeting was made by Potanin, who on Monday chaired a meeting of KM Invest shareholders after two candidates for the liquidation commission had presented new demands.

"We are going to seek the implementation of the earlier adopted decision on the company's liquidation, including in the legal field," Onexim said.

Larisa Zelkova, a spokeswoman for Potanin's Interros investment vehicle, said Potanin was going to support the liquidation of KM Invest, but this required resolution of some technical issues. She did not give more details.

KM Invest controls assets belonging to the two tycoons, which include 8 percent of Norilsk Nickel and 7.4 percent of Polyus Gold.