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.
If mass cuts will begin at the plants in the Irkutsk region.
The US Treasury does not guarantee the lifting of sanctions after the change in ownership structure in US Rusal.
Scandalous businessman may refuse to control "Rusal".
The company counts on the fact that Oleg Deripaska will remain the controlling shareholder, and the US sanctions will "dissolve" by themselves.
At the same time, the team of the oligarch advisors did not prepare for sanctions against UC Rusal, because it expected that the US would not want to violate the balance of the aluminum market.
"Rusal" will be able to return to the world market, but only without Oleg Deripaska.
The companies extended the permission for interaction with the US until October 23.
The demand of the company Oleg Deripaska and Viktor Vekselberg explained by US sanctions.
This can save production, but not the company itself, experts say.
"Syndrome Rusal" provoked the strongest in 10 years jump in prices for nickel and aluminum.
The head of the Russian Union of Industrialists and Entrepreneurs, Alexander Shokhin, called it possible to use a scheme in which the state will buy out part of the shares of UC Rusal or other companies that are subject to sanctions.
Reuters learned about the refusal of Japanese companies to buy aluminum from Rusal.
Oleg Deripaska paid 560 thousand dollars for the American visa, but eventually was deprived of it, as "connected with organized crime", writes the Wall Street Journal.
Oleg Deripaska's company due to US sanctions will not participate in the "Russian Roulette" with Vladimir Potanin for the shares of Norilsk Nickel. Now this will not correspond to the interests of shareholders, the board of directors of the aluminum company decided.
Before the announcement of the collection of donations among state employees and pensioners in favor of the victim of US imperialism, the oligarch remains very little.
Potanin and Deripaska after a new portion of American sanctions can not play in the "Russian" roulette.
The Bonum Capital fund, which claims to purchase the bank "Vozrozhdenie", is associated with Suleiman Kerimov. But the crossings at Bonum were with Oleg Deripaska, it turned out in the American court.
LME warehouses will not accept metal, and the exchange will stop issuing warrants for the company's aluminum.
The Swiss trader will establish cooperation with the Russian aluminum company. Under threat will be up to a quarter of primary aluminum sales of "Rusal".
The collapse of the quotes of "Rusal" was the main event of the day, however, sanctions were hit not only by the state of Oleg Deripaska - today many members of the Forbes list have become poor.
The government of the Russian Federation has already expressed its readiness to help companies of oligarchs who fall under American sanctions. In financial terms, this could cost $ 13 billion.
Shares of En + Group on the Moscow Stock Exchange fell by 16%, VTB shares - by 10%. Rusal shares on the Hong Kong stock exchange have lost 50%.
The US imposed sanctions against seven Russian businessmen on the Forbes list. All assets of their assets in the US are frozen. Citizens of the United States are forbidden to enter into any business relations with them.
The company Oleg Deripaska because of US sanctions fell on the stock exchange for Friday at 2.5 billion dollars.
The new list includes 26 people and 15 companies. Among them are Oleg Deripaska, Viktor Vekselberg, Suleiman Kerimov, Alexey Miller and Andrei Kostin.
UC Rusal will make a decision about this until the end of April.
Rusal is in no hurry to buy out shares of Norilsk Nickel from Roman Abramovich.
The share of Interros in MMC Norilsk Nickel reached 32.9%.