Russian duo cut stake in UC Rusal

Through an aftermarket block sale, Russian tycoons Mikhail Prokhorov and Viktor Vekselberg raised $315 million through selling a 3% stake in UC Rusal – an uncommon name in Hong Kong’s ECM market.
Russian tycoon Mikhail Prokhorov sold his stake in UC Rusal twice within nine months.
Russian tycoon Mikhail Prokhorov sold his stake in UC Rusal twice within nine months.

Hong Kong’s equity capital market welcomed an unusual guest on Tuesday after two UC Rusal shareholders sold a block of shares in the Russian aluminum producer for HK$2.5 billion ($315 million) via an accelerated bookbuild.

¬ Haymarket Media Limited. All rights reserved.

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