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Oleg Deripaska: committed to Rusal IPO this year |
United Company Rusal, the world’s largest aluminium producer, is hoping to capitalize on the conclusion of tortuous debt restructuring talks with a pioneering IPO on the Hong Kong Stock Exchange by the end of the year. For much of 2009 the company has been mired in discussions about the restructuring of about $7.5 billion of its $16 billion-plus debt burden with more than 70 creditors. Several deadlines for an agreement have come and gone already.
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