UC Rusal attracts $100 million, pledged 0.55% of Norilsk Nickel’s shares

The largest Russian aluminium producer UC Rusal has pledged 0.55% more of Norilsk Nickel’s shares to banks, obtained additional $100 million of floating assets, the annual report of UC Rusal says.

After this operation, 27.75 % of Norilsk Nickel’s shares, which belong to UC Rusal, are in bank pledge. According to the Vedomosti, UC Rusal will spend money to support its operating activity and investments. The bank, which provided the loan, wasn’t called.

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