Billionaire Vekselberg snaps up 7% stake in UC Rusal for $504m

Russian tycoon Viktor Vekselberg has taken another 7% stake in aluminium producer UC Rusal for $503.9 million.

Minority shareholder Mikhail Prokhorov, owner of Onexim Group, has agreed to sell part of his 13.7% stake to Mr Vekselberg, according to the Hong Kong-listed firm’s regulatory...

Published

Julian Luk

August 14, 2017

13:50 GMT

London