SUAL

UC Rusal can get the Siberian GES from O. Deripaska

Deripaska’s En+ can unite UC Rusal and Eurosibenergo, Vedomosti informs referring to 2 persons close to different shareholders of UC Rusal and the bank staff crediting the metal company.

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Why Suleiman Kerimov wants share in UC Rusal

As the Kommersant has got to know, Suleiman Kerimov may buy a package of UC Rusal from ONEXIM with the aim to conduct a spin-off of Norilsk Nickel’s shares, owned by the aluminum company.

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S. Kerimov’s structures might buy 17% of UC Rusal from M. Prokhorov

Onexim of M. Prokhorov actively sells a package of Rusal, it was offered to many candidates. The controlled by the son of S.

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Onexim considers an opportunity of sale of a part of assets

​The group of M. Prokhorov suggested selling 17% of Rusal to Sual of V. Vekselberg and Glencore, Bloomberg reports. According to it, the offers were not formal. There were no official negotiations due to the disputes upon the price.
Onexim was reported to sell all its Russian assets. The group denied this information.
These rumors may aim at discrediting Mr. Prokhorov as a politician, the chief editor of “Nezavisimaya Gazeta”, K. Remchugov, said. He said that Prokhorov may have a potential threat for the Government.

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Rusal’s affiliate to pay 300 mln roubles for waste

The 17th Court of Appeal has confirmed the decision of the Court of Appeal of the Sverdlovsk region on the collection from Sual of almost 300 mln roubles in favor of the department of Rosprirodnadzor in the Urals federal district.
The agency filed a claim against the company in August 2015. The claimant said that BAZ-Sual illegally placed over 63 mln tons of waste at the open area. The department of Rosprirodnadzor asked for 293.8 mln tons of compensation for the environmental pollution. The representatives of Sual assured that this was not waste but the final products shipped to consumers. 

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FAS defers the consideration of the case on violation of antimonopoly legislation by UC Rusal.

Commission of the Federal Antimonopoly Service (FAS) deferred consideration of the case against UC Rusal for a more detailed study of materials until December 24.
The case on the grounds of violation of the Federal Law "On Protection of Competition" was opened on October 9 on the basis of the statement of the "Magnitogorsk Iron and Steel Works" (MMK).

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RusAl to apply for ordinary shares listing on the Moscow Stock Exchange

The Russian largest aluminium company UC “RusAl” is about to start listing of its ordinary shares at the Moscow Stock Exchange since March 23. They stated about it in the company.
The Russian Depository Receipts (RDR) of RusAl is listed at the Moscow Stock Exchange at present. Ordinary shares are listed at the Hong Kong Stock Exchange. The global debt offerings (ADR) of the aluminium giant one can buy or sell at NYSE Euronext in Paris.

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UC Rusal can cease aluminum sales in the Ukraine via ZAlK-AKZ and can introduce direct supplies from Russia for the Ukrainian consumers

UC Rusal can cease the sales of aluminum made in Russia and aluminum rolled wire via its subsidiaries Zaporozhye Production Aluminum Combine (ZAlK) and Aluminum Rolled Wire of Zaporozhye (AKZ), and can start supplies of the products under the direct contracts between the Russian structures and the Ukrainian consumers. The final decision is not admitted as yet. After closure of crude aluminum supplies to ZAlK and aluminum rolled wire production in July, they sold these products from Russia, mostly via AKZ founded recently. The monthly sales are 1,500 tons of aluminum.

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Oleg Deripaska may leave position of UC Rusal’s general director

UC Rusal, which completed the refinancing of its debt in the amount of $11 billion at the end of August, may begin a corporate transformation. According to unofficial information, Oleg Deripaska intends to transfer the post of general director to his first deputy, Vladislav Soloviev. Besides, the holding company En + of Mr Deripaska, which owns 48.13% of UC Rusal’s shares, announced the possibility of the release of Norilsk Nickel’s shares from the balance of the company. This, according to En +, may hasten the start of dividend payments by UC Rusal. But this issue hasn’t yet been discussed with shareholders.
Oleg Deripaska could leave the post of general director of UC Rusal and become president of the company (there is no such position now), and the company will be leaded by the first deputy CEO Vladislav Soloviev, Interfax reported yesterday, citing its sources. Sources of the Kommersant confirmed this information. According to the two of them, "the topic is being discussed, but hasn’t yet been resolved," one of the Kommersant’s interlocutors is inclined to consider this "a closed subject".

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Irkutskenergo to finance the purchase of a hydro power plant for UC Rusal

Irkutskenergo will pay for the purchase of the Ondsky hydro power plant necessary for UC Rusal to supply energy to its Nadvoitsy aluminium plant. Only in H1 the company spent about 12 bln roubles for loans and the additional capitalization of various assets of O. Deripaska. Now Irkutskenergo will spend 2.6 bln roubles to its affiliate that purchases the hydro power plant and then the power plant will be transferred to UC Rusal. Inter RAO that holds 40% of shares of Irkutskenergo was traditionally opposed to the deal but couldn’t block it.
On September 8th the Board of Directors of Irkutskenergo approved the deals which are to provide the funds to “Eurosibenergo-teplovaya energiya” that purchases the Ondsky hydro power plant in Kareliya from TGK-1 (controlled by Gazprom energy holding). Now Irkutskenergo holds 51% in “Eurosibenergo-teplovaya energiya”, the rest belongs to Eurosibenergo (unites the assets of O. Deripaska, including 50.2% of shares of Irkutskenergo). Now Irkutskenergo will transfer 700 mln roubles to the registered capital of Eurosibenergo-teplovaya energiya thus increasing its stake to 99.93%. Irkutskenergo will also issue a 1.9 bln roubles loan to “Eurosibenergo-teplovaya energiya” until September 30th 2016 with an interest rate of 11.9% per annum.

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