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

Vekselberg’s IES Halts Talks on Power-Assets Sale to Rusal

Don't Miss Out —
Follow us on:

May 16 (Bloomberg) -- Billionaire Viktor Vekselberg’s IES Holding ended talks on selling Russian power generating assets to aluminum producer United Co. Rusal as its terms weren’t met.

The government last year supported Rusal’s purchase of IES’s Bogoslovskaya power plant and Novobogoslovskaya project to supply electricity to one of the aluminum company’s smelters in the Urals region, IES said today in an e-mailed statement.

Rusal is “perplexed” by the statement, Arseniy Palagin, a spokesman for the company controlled by Oleg Deripaska, said by e-mail. The sale decision “was made with the participation of the prime minister and can’t be overturned unilaterally.”

Vekselberg, a Rusal shareholder, quit as chairman of the company in March over a dispute with Deripaska about strategy.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at

To contact the editor responsible for this story: Torrey Clark 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.