UC Rusal (Rusal) is a Russian and international company, one of the world leaders in the production of primary aluminum (7% of world production). The company "Rusal" was established in 2000 with the merger of assets of "Siberian Aluminum" Oleg Deripaska and Mikhail Cherny with aluminum assets of Roman Abramovich. In 2001, Chernoy sold his stake in the aluminum business to Deripaska. Abramovich sold 25% of Rusal to Deripaska for 1.578 billion dollars in September 2003, and in the fall of 2004 the remaining 25% was sold.
United Company RUSAL (UC Rusal) was established in 2007 as a result of the merger of RusAl with SUAL Viktor Vekselberg and alumina assets Glencore. Shareholders (company data as of March 31, 2016): En + Group Limited under the control of Oleg Deripaska (48.13%), Onexim Holdings Limited under the control of Mikhail Prokhorov (17.02%), SUAL Partners Limited under control Victor Vekselberg and Leonard Blavatnik (15.8%), a subsidiary of Glencore International Plc - Amokenga Holdings Limited (8.75%), management (0.25%), the rest in free circulation (10.05%).
In August 2017, the share of SUAL Partners Limited increased to 22.08%, while the share of Onexim Group decreased to 6.7%. Financial indicators (IFRS, 2015) were: revenue - 8.7 billion dollars, net profit - 558 million dollars. The company's revenue in 2016 under IFRS amounted to 7.983 billion dollars, net profit - 1.179 billion dollars. The company's debt at the end of 2016 amounted to 10.9 billion dollars. Production of primary aluminum in 2015 amounted to 3.65 million tons, in 2016 - 3.685 million tons. The company's revenue in 2017 amounted to 9.97 billion dollars, net profit - 1.077 billion. The company employs 60,000 people (2017). Official site.
En + Holding Limited will move from Cyprus to either Kaliningrad or Primorsky Krai.
Despite the net profit for the past year of $ 1 billion, the aluminum company again has no money. In the event of requisition by the state of 513 billion rubles from Russian metallurgical and chemical companies, Rusal's losses due to the lack of dividends from MMC Norilsk Nickel will amount to 1.4 billion dollars.
For the first 6 months of 2018, Norilsk Nickel earned 1.65 billion dollars in net profit.
According to FT, the businessman is ready to reduce the stake in the group to 45% in favor of VTB.
The stubbornness of Oleg Deripaska, who does not want to accept an ultimatum from the US Treasury, may lead to the closure of aluminum plants in Russia.
The Karelian enterprise of Rusal Corporation began to conserve capacities.
Revenues in the second quarter of 2018 decreased by almost 18% compared to the first quarter of this year. The volumes of metal sold also fell.
The main owner of Rusal refused to reduce its stake in the holding company En + Group below 50%. Oleg Deripaska considered the demands of the Ministry of Finance to be "bonded".
En + Group intends to obtain from VTB and Sberbank write-off of loans for 5.25 billion dollars of the company "Rusal". These measures are mentioned in the "plan" of Lord Barker, with whom he and his European allies entered into negotiations with the US Treasury.
The company needs time to fulfill the ultimatum of the US Treasury (Barker's plan) to sever formal ties with the scandalous Russian oligarch Oleg Deripaska.
The verbal intervention of the US department led to an increase in quotes of the aluminum company by 16%.
The Russian government is puzzling how to save Rusal by Oleg Deripaska at the expense of the state budget. The package of developed measures to increase the consumption of aluminum inside the Russian Federation until 2024 in the most approximate outline drags on 140 billion rubles.
The company is trying to sell the metal "for future use". Since October 2018, its sales outside Russia will be seriously limited.
Withdrawal of sanctions from UC Rusal not only suits the administration of Trump, but it is beneficial to it.
Seated in a Thai prison escort girl Nastya Rybka and sex coach Alexei Kirillov will have to pay Oleg Deripaska 500 thousand rubles for interfering in the personal life of the aluminum oligarch.
The businessman considered "state aid" bonded. Earlier Viktor Vekselberg received from the bank up to 1 billion dollars.
The High Court of London declared null and void the sale of Norilsk Nickel's shares to the structures of Roman Abramovich to Vladimir Potanin's structures. The loss of Abramovich in the form of lost profits amounted to about $ 180 million.
Artem Volynets appointed CEO of the gold-mining company Chaarat Gold.
Will the company be able to maintain business in spite of sanctions.
Rusal did not refuse to put into operation a large bauxite deposit in African Guinea "Dian-Dian". It will allow the company to supply Russian companies with bauxite, but there is a risk that there will be nowhere to sell the company's primary aluminum.
Access Entertainment, owned by billionaire Leonard Blavatnik, paid three times the starting price for the Royal Haymarket Theater of the 18th century.
The government of the Russian Federation for damages of 537 million dollars from American duties on aluminum and steel responded with restrictions on US imports of $ 93 million.
The company asks for preferential rates for transport tariffs.
The situation of "Rusal" will worsen if the US does not remove sanctions from the company until the end of the summer.
Rothschild & Co will help Oleg Deripaska find buyers for his stake in En + Group. Previously, the Rothschilds represented the interests of Peter Poroshenko, who wanted to sell a confectionery factory in Russia, but without success. With whom else did the European banking house work?
UC Rusal almost halved exports of aluminum due to sanctions. After getting into the sanction list, Oleg Deripaska's company found itself in international isolation.
Yesterday Vladimir Putin signed a law on counter-sentences. Forbes estimated how much the richest people of Russia who were under sanctions in April lost, while the Duma and the Kremlin came up with the US response.
Rusal is considering re-registration in the Russian Federation.