|
|
Article: RUSAL IPO may value company at $30 bln - newspapers (Part 2).
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- September 28, 2009
CopyrightCOPYRIGHT 2009 Gale acknowledges Publisher's copyright in the text of the Publication and shall place users of that text on notice of that copyright interest. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
RUSAL IPO may value company at $30 bln - newspapers (Part 2)
MOSCOW. Sept 28 (Interfax) - The board of directors of United Company RUSAL (UC RUSAL) gave provisional approval to conduct an IPO in Hong Kong before the end of the year that could value the aluminum giant at up to $30 billion, the Wall Street Journal reported on Monday.
London's Sunday Times reported yesterday that a final decision on placement of 10% of RUSAL shares in Hong Kong is expected to come at board meeting this week. The placement is contingent on completing debt restructuring talks with creditors, the newspaper said.
RUSAL spokeswoman Vera Kurochkina told Interfax: ...