Prokhorov sells 7% of Rusal for $504 mln
MOSCOW. Aug 11 (Interfax) - Sual Partners Limited has bought 7% of shares in UC Rusal from billionaire Mikhail Prokhorov for $503.89 million, increasing its stake in the Russian aluminum giant to 22.8% from 15.8%, Rusal reported to the Hong Kong Stock Exchange.
Zonoville Investment, which is affiliated with Sual Partners, is acquiring 1.06 billion common shares in Rusal from Prokhorov's Dimosenco Holdings, the aluminum company said. The deal will make it possible to preserve the shareholder agreement between Rusal's biggest shareholders.
Prokhorov sold 3.32% of shares in Rusal on the open market in February for $240 million.
Rusal's biggest shareholder is Oleg Deripaska, who controls 48.13% through En+. Prokhorov's stake in the company has fallen below 7% following the sale.
