Report: En+ can ask US for more time for Deripaska stake sale - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: En+ can ask US for more time for Deripaska stake sale

MOSCOW, May 21 (PRIME) -- Russian diversified industrial company En+ Group of tycoon Oleg Deripaska is likely to ask the U.S. Treasury for more time to reduce the stake of Deripaska, Reuters reported late on May 18 citing a source close to the company.

On April 6, the U.S. imposed sanctions against 38 Russian tycoons, officials and companies including En+ Group and aluminum company RUSAL.

The company Уwill likely have to apply for an extension to the June 6 deadline,Ф the source told Reuters, adding it was still trying to find buyers for DeripaskaТs holding.

The U.S. Treasury set a deadline of June 6 for investors to divest or transfer their holdings in sanctions targets including En+ and RUSAL, an extension from the original May 7 deadline.

En+ said earlier that its board of directors had approved immediate resignation of Deripaska in an attempt to move his company out of the sanctions list as Washington suggested it might lift the sanctions against En+ and RUSAL if Deripaska cuts his En+ stake to below 50% and introduces independent board members.


21.05.2018 09:29
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.6546 -0.1395 23 jul
USD 62.9776 +0.1110 23 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1341.17 -0.70 18:50 22 jul
micex 2684.25 -0.60 18:50 22 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 217.12 +0.52 18:48 22 jul
lkoh 5165.50 -0.67 18:48 22 jul
rosn 420.45 0.00 18:49 22 jul
sber 230.35 -1.07 18:49 22 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.6000 -0.1475 14:59 22 jul
USDTD 63.0500 +0.0750 17:44 22 jul