UC RUSAL included in FTSE indexes
MOSCOW. March 12 (Interfax) - UC RUSAL, the world's largest aluminium producer, has been included in the FTSE China (HK listed) Index and FTSE Asia Pacific ex-Japan Index, effective on March 16, 2012, the company said in a statement.
RUSAL has been listed by FTSE amongst 10 new constituents to be included in FTSE China Index and amongst 77 new constituents to be included in FTSE AP Index. RUSAL is included on the basis of free float and liquidity requirements.
Oleg Mukhamedshin, UC RUSAL Deputy CEO and Director for equity and corporate development, commented: "We are delighted to see UC RUSAL becoming part of FTSE indexes. This proves once again market interest in our stock and will bring more liquidity to our shares, further increase market awareness of RUSAL and extend our investor base."
Earlier in 2011, RUSAL was included in five stock market indexes: Hang Seng Foreign Companies Composite Index (HSFCCI), Hang Seng Global Composite Index (HSGCI), CAC 25 International, MICEX and RTS Indexes.
Russia's shares were down 4% at HK$6.28 a share by 10:44 a.m. Moscow time on March 12. The Hang Seng was down 0.33%.
Oleg Deripaska's En+ Group owns 47.71% of UC RUSAL, Mikhail Prokhorov's Onexim owns 17.02%, Viktor Vekselberg's SUAL Partners Limited - 15.8% and Glencore International - 8.75%. The free float is 10.75%.