Announced
Completed
Financials
Tags
Private
Acquisition
Single Bidder
aluminium manufacturer
aluminium
Completed
Russian Federation
Minority
Friendly
aluminium mining & production
Aluminium
Synopsis
EN+ Group, vertically integrated aluminum and power producer, completed the acquisition of a 8.75% stake in UC RUSAL, a producer of aluminum, from Glencore, a commodity trading and mining company. Financial terms were not disclosed. "We are delighted at the prospect of gaining the long-term support of such a well-renowned partner in the global commodities sector. We look forward to working with Glencore and leveraging its unrivaled expertise to drive the ongoing growth of our business,” Maxim Sokov, EN+ Group CEO.
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