Rusal pledged stakes as collateral

March 13 2009 15:16:03

Rusal pledged stakes as collateral

Bloomberg

VEB has taken collateral that fully covers the $4.5 billion bailout loan given in October, the FT said, citing the bank’s chairman Vladimir Dmitriev. The stakes are in addition to Rusal’s 25 percent holding in Norilsk Nickel, which has already been put up as collateral to VEB.

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