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Sual Could Sell RusAl

Sual could sell its 15.8 percent stake in RusAl, Vedomosti reported on Monday, citing two sources.

One of the sources said preliminary talks on the matter are underway, but a possible sale is a long way off. A Sual representative denied the story, while RusAl declined to comment.

According to a shareholders agreement, Oleg Deripaska's En+ has the right of first refusal for the stake, which the newspaper said is worth $3.97 billion. Deripaska formed RusAl in 2007 by combining his own company with Sual and Glencore's alumina assets.

(Reuters)

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