Deripaska agrees to reduce stake in Rusal's main shareholder EN+ Group

Oleg Deripaska has agreed, in principle, to reduce his shareholding in the EN+ Group to below 50% and resign from the company’s board, the company announced today.

EN+ Group holds a 48.1% stake in UC Rusal – both companies have been hit by United States' sanctions imposed on Deripaska earlier this month. VTB Capital, the investment bank, owns 4.35% of EN+ and Deripaska and his family own the remainder. EN+ has the status...

Published

Alice Mason

April 27, 2018

17:03 GMT

London