UC Rusal (Rusal) is a Russian and international company, one of the world leaders in the production of primary aluminum (7% of world production). The company "Rusal" was established in 2000 with the merger of assets of "Siberian Aluminum" Oleg Deripaska and Mikhail Cherny with aluminum assets of Roman Abramovich. In 2001, Chernoy sold his stake in the aluminum business to Deripaska. Abramovich sold 25% of Rusal to Deripaska for 1.578 billion dollars in September 2003, and in the fall of 2004 the remaining 25% was sold.
United Company RUSAL (UC Rusal) was established in 2007 as a result of the merger of RusAl with SUAL Viktor Vekselberg and alumina assets Glencore. Shareholders (company data as of March 31, 2016): En + Group Limited under the control of Oleg Deripaska (48.13%), Onexim Holdings Limited under the control of Mikhail Prokhorov (17.02%), SUAL Partners Limited under control Victor Vekselberg and Leonard Blavatnik (15.8%), a subsidiary of Glencore International Plc - Amokenga Holdings Limited (8.75%), management (0.25%), the rest in free circulation (10.05%).
In August 2017, the share of SUAL Partners Limited increased to 22.08%, while the share of Onexim Group decreased to 6.7%. Financial indicators (IFRS, 2015) were: revenue - 8.7 billion dollars, net profit - 558 million dollars. The company's revenue in 2016 under IFRS amounted to 7.983 billion dollars, net profit - 1.179 billion dollars. The company's debt at the end of 2016 amounted to 10.9 billion dollars. Production of primary aluminum in 2015 amounted to 3.65 million tons, in 2016 - 3.685 million tons. The company's revenue in 2017 amounted to 9.97 billion dollars, net profit - 1.077 billion. The company employs 60,000 people (2017). Official site.
Mikhail Prokhorov may abandon the ranks of the company's shareholders by November.
Perhaps now they will seek to sell the blocking stake in Norilsk Nickel.
The businessman sold 7% of Rusal to Viktor Vekselberg.
In 2011, the holding company bought out almost 5% of shares from Usmanov, Skoch and Anisimov, and then sold them cheaper.
Oil and gas companies so far account for about a third of total dividend payments by Russian companies, but have already reduced them by 15%. The leader in dividends is still MMC Norilsk Nickel with 141 billion rubles.
The agency claims that it can confirm its correctness by the records of negotiations and data of bank accounts.
The failure at the Bratsk Hydroelectric Power Station left the plants of "Rusal" without power.
The oligarch called this information false.
In exchange, the head of Rusal asked for immunity from future criminal investigations. The American party did not agree to the conditions of the oligarch.
The reason is the publication about cooperation with the ex-head of the election headquarters of Trump, Manafort.
Rusal reportedly intends to get cheap Chinese loans in exchange for lobbying the interests of China on the shores of Lake Baikal.
In May, En + can initiate a public offering of a 20% stake for about $2 billion.
En + is preparing to sell shares for $1.5 billion.
Sale of assets and dividends earned them about $12.4 billion of revenues in 2016.
Discount to the closing price on the Hong Kong Stock Exchange amounted to 9%.
Oleg Deripaska's UC Rusal may face a conflict around shares: according to Bloomberg, the company intends to issue new shares and place 20% of shares on the stock exchange in London. But minority shareholders, including Viktor Vekselberg, Mikhail Prokhorov and Glencore, are threatening to block it.
The deal with Sual Partners if Viktor Vekselberg and Leonard Blavatnik may never happen.
All costs are compensated by smelting copper and platinum group metals.
Russian billionaire Roman Abramovich has arranged a new year party on one of the Antilles, where he invited Paul McCartney and the Killers to perform; among his guests Russian oligarchs were seen.
Glencore and Qatar sovereign fund buy 19.5% stake in the company for 10.5 billion euros.
Whose money billionaire Oleg Deripaska will use on a mega project near the Lake Baikal? Experts suspect that the oligarch eyes the government pocket.
The package will be bought by the co-owner of the company, Sual Partners owned by Viktor Vekselberg and Leonard Blavatnik.
Viktor Vekselberg's move with Rusal crossed the road of Timchenko and Rotenberg.
The company asked to approve the payment of dividends.
Billionaire Viktor Vekselberg offered $1 billion to Mikhail Prokhorov for 17% of the shares of "Rusal". Experts suspect that the "buyer" wants to squeeze out another owner of "Rusal", Oleg Deripaska.
The combined wealth of 200 richest businessmen of Russia decreased by $73 billion, while the number of billionaires fell to 88 from 111.
While the economy was plunging into crisis, steelmakers and exporters earned on sharp weakening of the ruble. Who was in the best position?