Rusal, the world's largest aluminum and alumina producer, plans to apply to sell shares at Euronext, a pan-European stock exchange based in Paris.
Euronext may become the second stock exchange to list Rusal's shares after the trading floor in Hong Kong, where the Russian company is going to file an IPO in 2009. Having its shares listed both in Europe and Asia, Rusal will profit from twenty-four-hour trading.
Rusal plans to raise $1.5-2.5 billion via the IPO this year, though it still will not cover the huge debt of the company - $16.8 billion.
source:
Russian Business
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