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Rusal ready to become world's largest aluminum company
25.12.2009 16:44
Rusal ready to become world's largest aluminum company

Rusal, which is heading for initial public offering (IPO) on Hong Kong stock Exchange, may become the world's largest aluminum company with the highest market value of $16-22 billion. Rusal's main rival, American Alcoa, estimates its market value at $15.6 billion.
      RUSAL said it plans to offer 1.6 billion shares in a range of HK$9.10 to HK$12.50 each, with a listing date of January 27. Pricing the IPO at the top of the range would raise $2.58 billion, and at the bottom, $1.87 billion.


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