Vladimir Potanin and Mikhail Prohorov reach an agreement on how to divide assets in the KM Invest joint venture. Mikhail Prohorov’s group obtains 27.5% of Open Investments and SK Soglasie. Interros keeps approximately 30% of Norilsk Nickel MMC, approximately 30% of Polyus Gold, over 30% of Open Investments, some 40% of Rosbank, 100% of ProfMedia, and other assets. Mikhail Prohorov sells his stake in Norilsk Nickel to Oleg Deripaska’s UC Rusal. Norilsk Nickel is no longer owned by just one shareholder. Interros and Rusal are beginning to disagree on Norilsk Nickel’s management. The world is slipping into a recession and a new management team at Norilsk Nickel has to withstand the crisis and manage a company where two major shareholders do not agree on business development. In February Société Générale, a French banking group, executes its option for Rosbank shares and accumulates a 50% + 1 share stake in the company. In May SG’s stake increases to 64.68%. Despite the financial crisis, Interros successfully restructures its debt obligations by the end of the year and keeps almost all of its assets.