Viktor Vekselberg and Leonard Blavatnik, for $700 million.
Vekselberg earlier reported that his company wanted to increase the stake in RUSAL because it saw a high potential in the asset.
According to one of the sources, the deal can be closed by the end of November. The money to pay for the stake will be provided by VTB and Sberbank, but the amount of the loan has not been defined. A source close to Sberbank said that the bank earlier approved of a $350 million financing to Sual Partners but Sberbank could refuse to participate in the deal.
The Prokhorov’s stake was earlier pledged with VTB under a repo deal. VTB said that the amount of the stake fell to 13.16% from 17.02%.
Holding Onexim owned by Prokhorov will have time to receive $42.55 million of dividends, the second dividend payment by RUSAL for almost six years.
In July Onexim decided to sell all its assets after searches held by authorities in April that were connected with a criminal case against the former shareholders of Bank Tavrichesky. CEO of Onexim Dmitry Razumov did not confirm the information. (Prime/Ukrainian metal)
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