BRIEF-Rusal's Unit To Acquire By Stages Shares In Pioneer Aluminium Industries

Reuters

03-14

BRIEF-Rusal's Unit To Acquire By Stages Shares In Pioneer Aluminium Industries

March 14 (Reuters) - OK Rusal MKPAO RUAL.MM:

VOLUNTARY ANNOUNCEMENT IN RESPECT OF ACQUISTION OF A STAKE IN PIONEER ALUMINIUM INDUSTRIES LIMITED
UNIT ENTERED INTO AGREEMENT WITH PIONEER GROUP OF COMPANIES AND KCAP GROUP OF COMPANIES
UNIT TO ACQUIRE BY STAGES SHARES IN PIONEER ALUMINIUM INDUSTRIES LIMITED
CO WILL ACQUIRE 26% OF SHARES IN TARGET FOR TOTAL CONSIDERATION OF USD243.75 MLN
UNIT TO ACQUIRE IN THREE STAGES UP TO 50% OF ENTIRE SHARE CAPITAL IN PIONEER ALUMINIUM INDUSTRIES

Source text: ID:nHKSb6N1g5

Further company coverage: RUAL.MM

((Reuters.Briefs@thomsonreuters.com;))

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