Four Initial Investors Drawn by Rusal IPO
Four Initial Investors Drawn by Rusal IPO

Speculations are that as many as four major investors have agreed to buy into the $2 Billion Hong Long Initial Public Offering of the Russian aluminum giant UC Rusal.

The four buyers are the Malaysian-Chinese tycoon Robert Kuok, who is a member of the Kuok Group whose principle business is Hong Kong-listed Kerry Properties Ltd.; Nathaniel Rothschild, the hedge fund manager who will be making the purchase through NR Investments, Paulson & Co., the hedge fund run by John Paulson and Russian state development bank Vneshekonombank, or VEB.

In 2008, VEB was the financial institution that provided a $4.5 Billion bail out to Rusal, and it has been speculated that it has plans of purchasing about 3% of the total IPO.

With the offering, Russal is looking at raising nearly $2 Billion, and up for sale will be about 10% stake in the firm. The primary listing will be in Hong Kong and a secondary listing will be added on the Paris stock exchange in January 29.

January 4 has been scheduled as the day for beginning of pre-market trading.

The prospectus will be made public during later this week.

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