Source Pravda.Ru

SUAL to buy stake in aluminum smelter

Russia's second largest primary aluminum producer SUAL said on Thursday it had agreed to buy a 32 percent stake in the Nadvoitsy smelter from sector leader RusAl to take control over the plant.

SUAL already owns 37 percent of Nadvoitsy, Russia's eighth largest aluminum smelter located in Karelia on the Russian-Finnish border. It also has a deal with another major shareholder; board chairman Alexey Bezrukov, to join forces to gain voting control over the plant with a joint 60 percent stake. The plant, built in 1954, produced around 74,000 tons of aluminum in 2002, the Russia Journal reported.

© &to=http://www.rbc.com' target=_blank>RBC

Comments
Russia builds her first-ever turbojet engine for civil aviation
Is Putin guilty of the Kerch school massacre?
Is Putin guilty of the Kerch school massacre?
Quadrillion tons of diamonds found underneath Earth's surface
Russia delivers technologically advanced S-300 systems to Syria
Putin: Russians will go to heaven in case of nuclear war
Putin: Russians will go to heaven in case of nuclear war
Putin: Russians will go to heaven in case of nuclear war
Putin: Russians will go to heaven in case of nuclear war
Putin: Russians will go to heaven in case of nuclear war
Putin: Russians will go to heaven in case of nuclear war
Edward Snowden does not feel safe in Russia
Putin: Russians will go to heaven in case of nuclear war
Is Putin guilty of the Kerch school massacre?
US official lashes Europe for working on Nord Stream 2
Russia delivers technologically advanced S-300 systems to Syria
Russia delivers technologically advanced S-300 systems to Syria
Is Putin guilty of the Kerch school massacre?
US military develop scenario to destroy Russia's S-300 in Syria
Center and peripheries in Europe - Portugal, a case of peripheral disaster
Is Putin guilty of the Kerch school massacre?