Rusal: Plummets after report that Deripaska continues to exert control

En+ MKPAO

17/12/2020 14:35

** Moscow-listed shares in Russian aluminium giant United
Company Rusal  RUAL.MM  slump 6% after a report that billionaire
Oleg Deripaska continued to exert control over the company, in
breach of U.S. sanctions
    ** An assessment sent by European officials to U.S.
officials earlier this year concluded that Deripaska retained
significant day-to-day influence over Rusal and its parent En+
 ENPLq.L , Bloomberg reported https://bloom.bg/2KgZY7Y
    ** U.S. imposed sanctions on Rusal in 2018 sending
shockwaves through global aluminum markets, lifting them in Jan.
2019 after Deripaska reduce his stake in En+ 
    ** Deripaska himself remains subject to U.S. sanctions
    ** Shares in rival Norsk Hydro  NHY.OL  are up 2%

 ((anna.pruchnicka@tr.com))