The Media: "UC Rusal" sells the enterprises in Nigeria and Kazakhstan

UC "Rusal" intends to sell its foil production business, the Nigerian aluminium plant Alscon and 50% in Kazakh "Bogatyr Komire", "the Vedomosti" writes citing the BCS analysts. Following the meeting with the managers of the aluminium company the analysts stated that the talks are in "an advanced stage", the sale of non-core assets could bring UC "Rusal" approximately $ 1 billion.

The issue source close to one of UC "Rusal"’s shareholders and a source close to the company confirmed that it is negotiating on the sale of the foil production business, the Alscon plant and share in "Bogatyr Komire". Meanwhile, the spokesman of UC "Rusal" stated that "the company is exploring various options related to the development of the non-core assets, but no concrete decisions have been taken".

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer