Oleg Deripaska Plans on Keeping Control of Rusal [Bloomberg Business News]
Alcoa Corporation (AA)
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Source: Bloomberg Business News
U.S. has offered to lift sanctions if Deripaska leaves Rusal The Kremlin has no plans to nationalize the aluminum company Oleg Deripaska Photographer: Andrey Rudakov/Bloomberg Oleg Deripaska plans to keep control of United Co. Rusal even as the Russian aluminum giant battles for survival in the face of harsh U.S. sanctions, according to people familiar with the matter. Deripaska is counting on lobbying by European governments to help ease the U.S. sanctions, said the people, who asked not to be identified. In recent days, he’s reshuffled top managers to focus attention on the sanctions, and plans to be directly involved in the situation, said the people. Markets jumped on the news. Aluminum climbed as much as 3.2 percent and Alcoa Corp. added 2.7 percent, while nickel pared losses. The billionaire’s resistance to relinquishing control of Rusal sets up the prospect o
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