off-the-wire

Rusal to consider share buyback of up to $155 million

Kitco Media
By Reuters
Published:
Updated:
Reuters
Rusal to consider share buyback of up to $155 million teaser image

Russian aluminum producer Rusal said on Wednesday it was considering a share buyback of up to 15 billion roubles ($155.05 million), subject to board, shareholder and regulatory approvals.

The number and repurchase price of the shares have not been determined yet and the repurchase may or may not proceed, Rusal said in a filing to the Hong Kong Stock Exchange.

($1 = 96.7455 roubles)

(By Himanshi Akhand; Editing by Alan Barona)

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