25 Oct 2016 11:47

Rusal stake on VTB's balance sheet shrinks to 13.16%

MOSCOW. Oct 25 (Interfax) - The UC Rusal share stake on the balance sheet of VTB has declined to 13.16% from 17.02% previously, VTB reported.

The stake shrank in connection with a repo deal.

UC Rusal was formed in 2007 with the merger of Rusal and Sual and the alumina assets of Swiss commodities trader Glencore. UC Rusal's largest shareholders are En+ with 48.13%, Mikhail Prokhorov's Onexim Group with 17.02%, Sual Partners with 15.8% and Glencore with 8.75%. The free float is about 10%.