Pravda.ru

News » Economics

SUAL to buy stake in aluminum smelter

10.01.2003 | Source:

Pravda.Ru

 

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

 

Popular photos

Most popular

Is now the time when the West can destroy the Russian army?
Is now the time when the West can destroy the Russian army?
US experts believe that the Russian S-400 air defense system is good, but it is good against fourth-generation aircraft, while the United States has many fifth-generation aircraft. Figuratively...
Putin's one word sows panic among US journalists
Putin's one word sows panic among US journalists
Vladimir Putin sowed panic and turmoil among American journalists after he promised to expose an audio recording of the talks between US President Donald Trump and Russian Foreign Minister Sergei...
Рейтинг@Mail.ru Rambler_s_Top100_Service