02 June 2004 17:12
ABRAMOVICH TO SELL REMAINING STAKE IN RUSAL
MOSCOW. June 2 (Interfax) - Chukotka Governor Roman Abramovich could sell his remaining 25%-stake in Russian Aluminum
or RusAl to Oleg Deripaska, who currently owns 75% of the company, the world's second largest producer of aluminum,
the Vedomosti newspaper reports well- informed sources as saying.
The sources said Abramovich does not control the entire package through Millhouse Capital: Boris Berezovsky and his
business partner Badri Patarkatsishvili are the end beneficiaries of 15% of this share package.
Gulzhan Moldazhanova, managing director of Basic Element, which
owns 75% of RusAl, denied information about the talks and that
Basic Element has first right of refusal to buy RusAl shares above
its own 75%. Abramovich sold Basic Element, which is owned by Oleg
Berezovsky told the paper that he and Badri Patarkatsishvili do not own 15%, but 25% of the RusAl shares left with
Millhouse and are not planning to sell them.
Berezovsky and Patarkatsishvili are the beneficiaries of the remaining 25% share package.
Deripaska, 25% of his shares in RusAl in 2003.
[Interfax] |
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