icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Metals magnate ready to snub London

Metals magnate ready to snub London
United Company Rusal, the world's largest aluminium producer, is considering moving it's multi-billion dollar IPO (initial public offering) from the London Stock Exchange to Hong Kong.

Billionaire Oleg Deripaska, who owns a 66% stake in Rusal, said it was very likely that the company would list in Hong Kong.

He said the move was prompted by the greater appetite for Russian shares among investors in Hong Kong and tougher regulations on the London Stock Exchange.

Rusal postponed its IPO last year on fears of market turmoil. Last September the company said that the listing would take place within three years.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.