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30.12.2009 - China is set to invest $300 million in Rusal
China Investment Corporation is considering purchase of a stake priced at $300 million in UC Rusal during the upcoming listing of the company on Hong Kong Stock Exchange, reports Ria Novosti.
      
      Among other prospective buyers are Russian Vneshekonombank, Nathaniel Rothschild, John Paulson and Robert Kuok's hedge funds.
      
      In the course of $2 billion IPO Rusal will sell a 10% stake, $13.7-18.9 per share, to repay the debts.
      
      Russian Vneshekonombank is expected to buy 3% in UC Rusal, while two other state-controlled banks Ц Sberbank and VTB Ц will buy several percent each. 
       
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