EN Announces Intention to Demerge High Carbon Assets
Published 19th May, 2021 by Nadine Bloxsome According to reports, En+ GROUP warmly welcomes the announcement by its listed subsidiary UC RUSAL of its proposal to demerge its high carbon assets and to change its name to AL+. UC RUSAL has confirmed in principle the demerger of its metal segment into two companies: UC RUSAL (RUSAL’s management proposed to change the name of the Company to “AL+”. The Board of Directors included this item into the Company’s annual shareholders meeting agenda, scheduled for June, 24th), which will retain the majority of production assets and will be focused...