Bloomberg News

Rusal Drops Most in Week in Moscow Trade as Vekselberg Quits

March 13, 2012

United Co. Rusal (486) slid the most in a week in Moscow after Victor Vekselberg resigned as chairman of the world’s largest aluminum producer, saying the company controlled by billionaire Oleg Deripaska is facing a “deep crisis.”

The Russian depositary receipts dropped 3.5 percent to 230.88 rubles by the close in Moscow, their steepest decline since March 6. Trading in the aluminum producer in Hong Kong was suspended after it opened 1.3 percent lower.

To contact the reporter on this story: Alex Nicholson in Moscow at anicholson6@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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