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Onexim plans to sell part of RUSAL stake on market

February 10, 2017 | Prime

Russian tycoon Mikhail Prokhorov’s Onexim Group is preparing to sell part of a 17.02% stake in aluminum giant UC RUSAL on the market, Bloomberg reported late Thursday citing sources familiar with the situation.

Earlier on Thursday, Bloomberg reported citing sources that RUSAL is considering selling up to 20% of its new shares in London. The company sees good possibilities for a sale of new shares in London after their price increased and is holding talks with several banks, sources said.

In September, Viktor Vekselberg, a co-owner of Sual Partners, which holds 15.8% in RUSAL, said the company is considering buying Onexim’s stake in RUSAL. Media reported that Vekselberg wants to buy 12%, but the deal has not been completed yet.

Russian tycoon Oleg Deripaska’s En+ Group holds 48.13% in RUSAL

Company: RUSAL Plc

Full company nameUnited Company RUSAL Plc
Country of riskRussia
Country of registrationJersey
IndustryNon-ferrous metals

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