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Oleg Deripaska: the Rusal IPO in Hong Kong is expected to raise $2.6 billion |
Russian metals company Rusal hopes to launch its much-anticipated initial public offering on the Hong Kong Stock Exchange later this month after initial plans to list by the end of 2009 turned to dust late in the day. The IPO, which is slated to raise as much as $2.6 billion, was seemingly on track for a pre-Christmas launch after Rusal signed off on a restructuring of its $17 billion of debt at the end of November.
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