En+ Group says deal reached in principle for Vladimir Putin ally to cut holding to under 50%

The Russian businessman Oleg Deripaska has agreed in principle to reduce his stake in Russia’s En+ Group, which manages his aluminium and hydropower assets, to less than 50%.

Both Deripaska and En+ were targeted by sweeping US sanctions on some of Russia’s biggest companies and businessmen on 6 April. The measures were aimed at allies of the Russian president, Vladimir Putin, to punish Moscow for its alleged meddling in the 2016 US presidential election and other so-called malign activities.

Continue reading…

Read More Oleg Deripaska agrees to cede control of firms hit by US sanctions

Facebook Comments