VEB is not going to sell UC Rusal’s stocks
Edited by Rhod Mackenzie / 2014-09-24 10:37:58
The Russian depositary receipts of UC Rusal have risen in price by 2.1% to 212.29 rubles per stock at MICEX at the time of the opening of the bidding, on the background of the news that VEB is not going to sell UC Rusal’s stocks. On Tuesday, UC Rusal’s Russian depositary receipts fell in price by 8.4% at the background of possible sales of the VEB’s shareholding. Now VEB that participated in UC Rusal’s IPO in 2010 as one of the anchor investors is not going to sell UC Rusal’s stocks.
