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UNITED COMPANY RUSAL, INTERNATIONAL PUBLIC JOINT-STOCK COMPANY

(486)
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Rusal Not Considers Buying Out Minority Shareholders, Taking Co Private

11/24/2021 | 07:14am EST

United Company RUSAL, International Public Joint-Stock Company (SEHK:486) is not considering buying out minority shareholders and taking the company private, the Russian aluminum giant said, commenting on reports in the Chinese media. "The Company would like to clarify that whilst it continues to evaluate options to maximize shareholder value, currently these do not include plans to propose a purchase of shares of minority shareholders of the Company to effect a privatisation, and the Board did not consider any privatisation of the Company," Rusal said. The supposition that Rusal might go private, according to the Chinese media, was expressed by London-based Odey Asset Management's Natural Resources Fund, which asked the Hong Kong Stock Exchange to look into the details of Rusal's upcoming spin-off of high-carbon assets, including whether Rusal's largest shareholders, En+ Group (MOEX: ENPL) and Sual Partners, have the right to vote at shareholder meetings on this deal. After the completion of the spin-off, Rusal's principal shareholder could buy out minority shareholders and take the company private, Odey said. En+, the principal shareholder of which is Russian tycoon Oleg Deripaska, controls 56.88% of Rusal shares, and Sual Partners, which is owned by billionaire Viktor Vekselberg and his partners, holds 25.56%. Rusal's free float is about 10%.


ę S&P Capital IQ 2021
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Analyst Recommendations on UNITED COMPANY RUSAL, INTERNATIONAL PUBLIC JOINT-STOCK COMPANY
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Financials (USD)
Sales 2021 11 844 M - -
Net income 2021 3 998 M - -
Net Debt 2021 3 390 M - -
P/E ratio 2021 3,30x
Yield 2021 1,16%
Capitalization 13 266 M 13 270 M -
EV / Sales 2021 1,41x
EV / Sales 2022 1,05x
Nbr of Employees 56 939
Free-Float 17,6%
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Technical analysis trends UNITED COMPANY RUSAL, INTERNATIONAL PUBLIC JOINT-STOCK COMPANY
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Mean consensus BUY
Number of Analysts 13
Last Close Price 0,87 $
Average target price 1,29 $
Spread / Average Target 47,2%
EPS Revisions
Managers and Directors
Evgeny Viktorovich Nikitin Chief Executive Officer & Executive Director
Alexander Popov Chief Financial Officer
Bernard Zonneveld Chairman
Victor Mann Technical Director
Randolph N. Reynolds Independent Non-Executive Director