En+ Considers Carve-Out of Rusal’s International Assets
- Rusal owns assets including in Ireland, Jamaica and Australia
- Move would be designed to cut Russian ownership and management
Aluminum roll at foil mill, operated by United Co. Rusal, in Sayanogorsk, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
The parent company of Russian aluminum giant United Co. Rusal International PJSC is considering carving out its international business into a new company owned by management and non-Russian investors.
The discussions show how the invasion of Ukraine has brought down the curtain on any hopes of corporate integration between Russia and the world. The deal, if it goes ahead, would go a long way to unpicking the 2007 merger that created the present-day Rusal with the ambition of building a Russian resources giant that could challenge the likes of Rio Tinto Group and BHP Group on the world stage.