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.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.