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Sual Partners Mulls Sale Of 15.8% Stake In United Co. Rusal PLC - Report
Feb 28,2011 09:32CST
industry news
Source:SMM

Feb 27, 2011 (Dow Jones Commodities News via Comtex) --An owner of a 15.8% stake in United Co. Rusal (0486.HK), Sual Partners, is considering selling the stake, Vedomosti daily reported Monday, citing unnamed sources.

However, the paper states that "the deal, if it ever materializes, is very far away."

According to the agreement between Rusal and its shareholders, billionaire Oleg Deripaska's En+, which owns 47.4% in the aluminum giant, has a preemptive right to buy the stake. In case En+ refuses, Sual may sell the stake on the market, but in small portions.

Sual is owned by billionaires Viktor Vekselberg and Len Blavatnik, who, together with another Rusal shareholder, Mikhail Prokhorov, support the sale of a 25% stake in mining company OAO Norilsk Nickel (GMKN.RS), which Rusal owns.
 

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United Company Rusal

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