Rusal 0486

Rusal 0486

Postby winston » Mon Nov 09, 2009 8:30 am

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US investment banks have been hesitant to take part in Russian aluminum maker UC Rusal's IPO due to chairman Oleg Deripaska's alleged links with organized crime, the Wall Street Journal reported on Saturday.

Deripaska has denied the allegations. Rusal is expected to seek Hong Kong listing approval soon and hopes to raise US$2 billion through a dual listing.

Source: The Standard HK
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Re: UC Rusal IPO

Postby winston » Wed Nov 11, 2009 10:20 am

Goldman Sachs has quit its role as a listing adviser for Rusal, the world's largest aluminium producer, which plans a dual listing in Hong Kong and on the Paris-based Euronext.

A person close to the deal said Goldman felt the deal was proceeding too fast and was uncomfortable with the increased risk.

Source: SCMP
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Re: UC Rusal IPO

Postby winston » Sun Nov 15, 2009 1:51 pm

UC Rusal nears $7.4 billion debt revamp ahead of HK IPO: report

HONG KONG (Reuters) - UC RUSAL, the world's largest aluminum producer, is close to a deal to restructure $7.4 billion in debt to foreign banks which is crucial for the Russian firm's planned $2 billion IPO in December, a newspaper reported.

Controlled by Russian oligarch Oleg Deripaska, UC RUSAL is seeking a primary listing in Hong Kong and secondary listing in Paris, with investors' meetings starting as early as Nov 30.

The debt deal, which bankers said is probably the largest and most complex of the restructurings undertaken by debt-swamped Russian firms, is likely to be announced as early as next week after approved by creditor banks, the Wall Street Journal reported on Saturday, quoting people familiar with the deal.

"All the terms are agreed," it quoted one person close to the talks said.

A RUSAL spokesman declined to comment, the paper said.

The deal, extends over seven years, is aimed at allowing Rusal breathing space to repay $16 billion in debt built up when metal prices were at record highs before the financial crisis hit last year, Wall Street Journal said.

The IPO is aimed at raising cash to help repay creditors.

Hong Kong regulators are expected to approve the company's listing at a regular meeting November 19. Rusal also has applied for a secondary listing in Paris, it added.

UC RUSAL, created in a three-way merger deal in 2007, is struggling with losses and a hefty debt pile after the global recession battered demand for aluminum. It had planned to settle the debt issue by November 12, sources told Reuters. But the deadline has slipped amid tough talks with more than 70 foreign creditors.

"November 19 is not a problem, but after that it becomes harder (to do the IPO in 2009)," another source familiar with the talks said told Reuters on Friday.

"The timing is defined by the Christmas holidays, the company should go public before then," the source familiar with the deal said.

http://www.reuters.com/article/innovati ... B520091115
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Re: UC Rusal IPO

Postby winston » Thu Nov 19, 2009 4:02 am

Aluminum giant UC Rusal, set for dual listing in the SAR and Paris, hopes to secure six or seven China contracts so mainland revenues account for 10 percent of total income by 2015, an official said
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Re: UC Rusal IPO

Postby winston » Mon Nov 23, 2009 7:50 am

UC Rusal is set to sign final debt restructuring agreements with banks on Thursday, paving the way for its dual listing plan in Hong Kong and Paris.

The Russian firm, the world's largest aluminum maker, aims to launch its roadshow for the IPO next Monday. It will have to seek approval from Hong Kong Exchanges and Clearing (0388) in a listing hearing on Thursday for the flotation.

"The IPO will indeed take place, since we have already reached a restructuring agreement," a banking source close to Russian state-owned lender VTB was quoted as saying.

The firm, with an estimated valuation of US$20 billion to US$30 billion, is projected to raise over US$2 billion from offering a 10 percent stake.

Source: The Standard HK
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Re: UC Rusal IPO

Postby winston » Wed Dec 30, 2009 8:16 am

Four heavyweights drawn to Rusal

Heavyweight IPO candidate UC Rusal has lured four heavyweight cornerstone investors to its initial public offering in Hong Kong, market sources said.

Malaysian tycoon Robert Kuok Hock Nien, whose family controls Kerry Properties (0683), is among the big names who will invest in the world's largest aluminum maker for a six-month lock-up period.

Nathaniel Rothschild's NR Investments and New York hedge fund Paulson & Co will also be participating in the deal, sources revealed. Rusal plans to raise about US$2 billion (HK$15.6 billion) from selling a 10 percent stake in SAR and Paris to repay debts.

Vneshekonombank, a Russian state bank, is also one of the cornerstone investors.

Rusal is tipped to turn profitable in 2009 by investment banks arranging the share sale.

The firm will kick off pre- marketing next Monday, aiming for a listing on January 29. Book building will begin on January 12, with the offer price to be set on January 21, a banking source said.

Source: The Standard HK

http://www.thestandard.com.hk/news_deta ... 91230&fc=4
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Re: UC Rusal

Postby winston » Wed Jan 27, 2010 10:14 am

DJ MARKET TALK: Rusal Off 7.4% At Pre-Open; Chalco Preferred

0957 [Dow Jones] NEW LISTING: UC Rusal (0486.HK) bid down 7.4% at HK$10.00 at pre-open, as stock expected to fall; some subscribers likely eying to cut losses given significantly weakened market conditions recently.

Given stock doesn't have sexy concept yet has so many risks, "I'd rather buy Chalco (2600.HK)," says Ernie Hon of ICBC International.

Chalco indicated +0.2% at HK$8.20 at pre-open.

Source: Dow Jones Newswire
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Rusal 0486

Postby winston » Mon May 14, 2012 11:09 am

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DJ Rusal 1st-Quarter Net Profit Down 84% At US$74 Mln

HONG KONG (Dow Jones)--Russian aluminum giant United Co. Rusal PLC (0486.HK), said Monday its first-quarter net profit fell 84% from a year earlier , due to lower product prices and higher costs.

Rusal, which listed on the Hong Kong stock exchange in January 2010, said its net profit for the three months ended March 31 totaled US$74 million, based on international accounting standards, down from US$451 million a year earlier.

Revenue fell 3.7% to US$2.88 billion from US$2.99 billion a year earlier, it said.


Source: Dow Jones Newswires
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Re: Rusal 0486

Postby winston » Thu Apr 12, 2018 3:24 pm

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United Company RUSAL Plc is a Hong Kong-based company principally engaged in aluminum businesses.

The Company operates through four segments.
1. Aluminum segment is engaged in the production and sales of primary aluminum and related products.
2. Alumina segment is engaged in the mining of bauxite, the refining of bauxite into alumina and the sales of alumina.
3. Energy segment is engaged in the mining and sales of coal, as well as the generation and transmission of electricity.
4. Mining and Metals segment is engaged in the investment in PJSC MMC Norilsk Nickel.

The Company is also engaged in the manufacture of semi-finished products from primary aluminum for the transportation, packaging and consumer goods industries, among others.
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Re: Rusal 0486

Postby winston » Thu Apr 12, 2018 3:26 pm

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Bloomberg Deletes RUSAL Share Price Info; Some Multinational Banks Bar Customers from Buying RUSAL Stake

RUSAL (00486.HK) said yesterday that the company and its substantial shareholder were weighed sanctions by the US.

It was reported that banks, such as Standard Chartered and Citibank, have barred customers from buying shares of RUSAL since yesterday, but still allow them to sell; while some banks, such as Wing Lung Bank and Dah Sing Bank, do not follow suit.

Bloomberg, the US-funded financial news provider, has immediately deleted the information on RUSAL share price.

Source: AAStocks Financial News
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