Support The Moscow Times!

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.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.