Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Rusal Slides Most in 3 Weeks on Possible $2 Billion Sale

June 7 (Bloomberg) -- United Co. Rusal, the world’s largest aluminum producer, dropped the most in three weeks after the company was said to be considering a share sale of as much as $2 billion to reduce debt.

The company’s depositary receipts slid 2.5 percent to 387.99 rubles by the 6:45 p.m. close in Moscow, their biggest one-day loss since May 16.

The stock dropped as much as 1.7 percent yesterday after two people familiar with the matter said Rusal may sell new shares equating to a stake of 7 percent to 10 percent, for a value of about $1.5 billion to $2 billion. Rusal’s shares listed in Hong Kong slumped as much as 4.6 percent to HK$10.80 today.

Investors expect the company to offer “a solid discount” if the offering goes ahead, Marat Gabitov, an equity analyst at Unicredit SpA in Moscow, said in an e-mailed report today. While the valuation range implies a discount of as much as 6 percent, investors could demand a higher one at the actual placement, Gabitov said.

To contact the editor responsible for this story: Gavin Serkin at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.