Sual to accuse En+ of breach of agreement of UC Rusal’s shareholders during annual meeting

Sual Partners Limited of Viktor Vekselberg and Leonard Blavatnik, which owns 15.8% of Rusal’s shares, plans to lay claims to En+ of Oleg Deripaska (owns 48.13% of Rusal) because of breach of a shareholder agreement during the annual meeting of the aluminum giant’s shareholders, Sual reports.

Earlier shareholders voted against the initiative of Sual Partners to dismiss Elsie Leung from the position of independent non-executive director of Rusal. The executive director of the Institute of Corporate Law and Corporate Management Dmitry Vasilyev was offered to be elected for her position. At the same time, the Rusal’s Board of Directors opposed the resignation of Leung.

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