UPDATE: RUSAL says Deripaska leaves board of directors - 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

UPDATE: RUSAL says Deripaska leaves board of directors

(Adds comments by Sberbank in last three paragraphs)

MOSCOW/ST. PETERSBURG, May 25 (PRIME) -- Oleg Deripaska, the major shareholder of Russian aluminum giant UC RUSAL, has left the companyТs board of directors to protect holdersТ interests due to the U.S. sanctions, the company said Friday in a statement on the Hong Kong Stock Exchange.

Earlier in May, Deripaska left the board of directors of En+ Group, which controls RUSAL.

On April 6, the U.S. imposed sanctions against 38 Russian tycoons, officials and companies including Deripaska.

National top lender Sberbank CEO German Gref said that Sberbank, being a creditor of RUSAL, supports a decision of Deripaska and its representatives to leave the board of directors.

The bank does not see serious risks on its loan to RUSAL, he also said.

УOur loans are well secured, thatТs why I do not see any serious risks.Ф

End

25.05.2018 12:10
 
 
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