By Michael Flaherty
Russia’s UC RUSAL moved closer to its planned $2.6 billion Hong Kong initial public offering by unveiling key details as it aims to raise cash to repay $14.9 billion in debt.
And for the first time, in its 1,100-page listing prospectus, the world’s largest aluminium maker detailed key financial information to the public, showing a brutal first half of 2009.
The listing of privately-held RUSAL, controlled by Russian billionaire Oleg Deripaska, would be one of the first major IPOs of a non-Asian company in Hong Kong and the first Hong Kong-Paris dual listing.
Continue reading RUSAL Plans Up To $2.6 Billion IPO
