Financial Times FT.com

Debt deal deadline nears for UC Rusal

By Catherine Belton in Moscow

Published: November 25 2009 20:03 | Last updated: November 26 2009 09:32

Oleg Deripaska’s UC Rusal aluminium group worked through the night on Wednesday in an effort to clinch a $7.4bn debt restructuring agreement.

Rusal must finalise a deal with more than 70 foreign and Russian creditors before it can go ahead with plans to list up to 10 per cent of its shares in Hong Kong and Paris before the end of the year.

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