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Article: Hong Kong: RUSAL seeks HK approval for December listing.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
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Byline: sanjayV03
UC RUSAL, the world's top aluminium producer, will seek Hong Kong listing committee approval this month, sources with direct knowledge of the deal said on Wednesday. The debt-burdened Russian company aims to raise about $2 billion through a dual listing in Hong Kong and Europe.
RUSAL also planned to list on Euronext Paris, said the sources, who were not authorised to speak publicly about the offering. The primary listing would take place in Hong Kong and the secondary listing in Paris, the sources said.
RUSAL, controlled by Russian tycoon Oleg Deripaska, aimed to obtain listing approval in Hong Kong on Nov. 26 and to make its ...