Russia’s RUSAL buys Pikalevsky alumina plant for $71 mln

MOSCOW, Mar 18 (PRIME) -- Russian aluminum giant UC RUSAL has acquired the Pikalevsky Glinozyomny Zavod (Pikalevsky alumina plant) for U.S. $71 million, as seen by PRIME on Thursday in the materials of RUSAL.

RUSAL’s financial report for 2020 said that the company acquired control over 99.9% in the plant for $71 million in September 2020. The fair cost of the plant’s net assets amounted to $24 million, including $21 million of fixed assets.

Kommersant business daily reported that RUSAL bought the plant from former CEO of fertilizer producer PhosAgro Maxim Volkov.

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