The sale of 12% of Oneksima in UC Rusal Vekselberg was in jeopardy – RBC

18:53

the Sale of 12% of Oneksima in UC Rusal Vekselberg was in jeopardy

closing the deal to sell 12% stake in UC Rusal, owned by the ONEXIM group Mikhail Prokhorov, the company Sual Partners of Viktor Vekselberg and Leonard Blavatnik was under threat. About this newspaper “Vedomosti” with reference to the sources.

According to the newspaper, the deadline for the closing of the transaction is still unknown. As noted by one source, “it generally can not be.”

Vekselberg announced that the deal will be completed by the end of 2016, but in January 2017, this has not happened. As it became known to RBC, the completion of the transaction on the same terms hinder some circumstances — has risen in price on the stock exchange after the price of raw materials stock of UC Rusal, the Hong Kong legislation and other factors. About it told RBC a source close to the negotiations.

Representatives of UC Rusal and Sual Partners in conversation with RBC declined to comment.

As reported by the media, Sual Partners, which owns 15.8% in Rusal in September offered Oneksima for a 12 percent stake of $ 700 million At the time the weighted average price for six months, 12% of UC Rusal on the Hong Kong stock exchange was $ 611,3 million on Friday, the capitalization of UC Rusal on the Hong Kong stock exchange reached $ 9.2 billion and a 12 percent stake was worth $ 1.1 billion.

Until the transaction Vekselberg, summer, ONEXIM was in talks about the sale of shares from Suleiman Kerimov. Discuss the transaction price in the media was called in the range of $ 800 million to $ 1 billion In investgating Kerimov “Nafta-Moscow” have refused to comment on the interest of the victim to share in UC Rusal.

About the beginning of negotiations for the sale of shares ONEXIM Sual group became known in the summer of 2016. In September 2016, the head of Sual billionaire Viktor Vekselberg has confirmed interest in concluding such transactions.

In October 2016 became known to the estimated amount of the sale of 12% stake in ONEXIM, which amounted to $ 700 million, Then the source of the newspaper Vedomosti reported that the deal can be closed by the end of November.