UC Rusal’s share fall in price against the background of deal with Onexim

Nadezhda Ivanova's picture

In the course of trading on the stock exchange in Hong Kong, the UC Rusal’s shares fell in price by 4.65% to 3.9 Hong Kong dollars ($0.5), this follows from the auction’s data.

Previously, the Vedomosti, with reference to representatives of Renaissance Capital as one of the organizers, reported that Onexim sold 3.32% stake in Rusal for $240 million.

The sources of the Vedomosti claim that originally Onexim planned to sell 5% of the shares, but later it was decided not to frighten investors after reports about possible SPO of UC Rusal.


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