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. Last Updated: 07/27/2016

RusAl Denies IPO Report

United Company RusAl has not decided whether to sell shares to the public, spokeswoman Vera Kurochkina said Monday.

Kurochkina denied a report in the Independent on Sunday newspaper saying RusAl planned to list in Hong Kong by December and hired Goldman Sachs Group and Credit Suisse Group to manage the offering. "No banks have been appointed, no time table agreed," Kurochkina said by e-mail.

(Bloomberg)