In 2016 Rusal produced 3.685 million tons of aluminum, up by 1.1% YoY, and sold 3.818 million tons, up by 4.9%. Aluminum produced at Boguchansk Aluminum Works saw the highest increase in sales. Bauxite extraction went up by 0.6% YoY, to 12.187 million tons, nepheline ores – by 7.8%, to 4.432 million tons, alumina –…
Russian billionaire Mikhail Prokhorov’s Onexim Group will sell 3.3% in aluminum giant UC RUSAL for $240 million, a banking source familiar with the deal reported. Onexim plans to sell 505 securities at 3.7 Hong Kong dollars, or 27.7375 rubles, per share. Dimosenco Holdings, an affiliate of Onexim group, started collecting bids for 2.5% in RUSAL…
Dimosenco Holdings, an affiliate of Russian billionaire Mikhail Prokhorov’s Onexim group, has started collecting bids for 2.5% in aluminum giant UC RUSAL at a price of $200 million, a banking source reported. The offer is in the form of accelerated bookbuilding, which indicates that Onexim may increase it, the source said. VTB Capital acts as…
Russian tycoon Mikhail Prokhorov’s Onexim Group is preparing to sell part of a 17.02% stake in aluminum giant UC RUSAL on the market, Bloomberg reported citing sources familiar with the situation. Earlier Bloomberg reported citing sources that RUSAL was considering selling up to 20% of its new shares in London. The company sees good possibilities…
Russian aluminum giant UC Rusal is considering selling up to 20% of new shares in London, Bloomberg reported citing two sources familiar with the situation. The company sees good possibilities for the sale of new shares in London after the price of its shares increased and is currently holding talks with several banks, the sources…
Rusal has announced that it has registered its prospectus for a Renminbi denominated bonds issue (Panda bonds), totaling up to 10 billion yuan ($1.5 billion) with a tenor of 7 years. Rusal becomes the first overseas company with global operations outside of China that is seeking to offer bonds to investors within the Chinese debt…
Russia’s Sual Partners of Viktor Vekselberg and Leonid Blavatnik may not complete a deal to buy a 12% stake in aluminum giant UC RUSAL from Mikhail Prokhorov’s Onexim Group, as difficulties have occurred. “The term of the deal’s completion is not clear,” sources said. “It may not take place at all,” a source close to…
Rusal has completed the debut offering of Eurobond with the following key terms: principal amount of $600 million, tenor 5 years, coupon rate 5.125% per annum. The bond proceeds will be used to refinance some of Rusal’s existing pre-export finance facility and improve the company debt maturity profile. «The company received very strong demand for…