UC Rusal will pay up to $10 million for evaluation of the value of non-core assets

The Russian largest aluminum producer UC Rusal has agreed with the Cypriot Renaissance Securities about the analysis of its non-core assets with a view to their  sale. Renaissance can make a commission of $10 million depending on the amount of income from the sale of UC Rusal non-core assets. From the begining of April, Renaissance will evaluate UC Rusal non-core assets and prepare them for  sale. The contract can be prolonged for a year or more. UC Rusal does  not name the assets that can be regarded as non-core. UC Rusal began the program for cessation of non-profitable enterprises from the middle of 2013 when they were reserved in Russia 5 aluminum combines