Oleg Deripaska (right) says he will be ready to give up RUSAL if the state and President Vladimir Putin ask.
Photo: Dmitry Azarov
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Deripaska Poised to Share RUSAL with Russian Authorities
RUSAL’s co-owner Oleg Deripaska will be ready to share his company with Russian authorities if necessary, the country’s second-richest man told The Financial Times. “If the state says we need to give it up, we’ll give it up,” Mr. Deripaska said.
“I don’t separate myself from the state. I have no other interests,” the businessman said. “I was lucky. Just consider that everything fell from the sky.”
The Russian tycoon says he is not interested in an IPO, adding that shareholders are the driving force for RUSAL, the world’s largest aluminum company. “Sell RUSAL to by what?” he said. “There are only about 250 good companies in the world that you can buy that will exist in 75 years’ time.”
Earlier reports said $30 million RUSAL would go public at the end of the year to float one-fourth of its stock.
RUSAL was set up in March 2007 after a merger with SUAL and Alcoa. RUSAL occupies 12 percent of the market. En+, Oleg Deripaska’s company, holds 66 percent in RUSAL. The rest 22 percent is shared among former owners of SUAL and 12 percent is in the hands of Switzerland’s Glencore.
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