Bloomberg News

Rusal Would Study Norilsk Sale at Right Price

April 03, 2012

United Co. Rusal’s Chairman Barry Cheung, whose predecessor quit citing a “deep crisis” at the company, said the world’s biggest aluminum producer would study selling its stake in OAO GMK Norilsk Nickel at the right price.

The departure of the billionaire former Chairman Victor Vekselberg, who wanted Rusal to sell its 25 percent holding in Norilsk, wouldn’t have a negative effect on the company, Cheung,who joined Rusal as a non-executive director in 2009 and took over as non-executive chairman on March 16, said in Hong Kong. (Source: Bloomberg)

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