Thursday, June 17, 2010

En+ (Main shareholder of Rusal) Bought 10% of Hong Kong Mercantile Exchange

The company En + Group of Oleg Deripaska, a major shareholder of the world's largest aluminum producer RUSAL, was among the founders of the Hong Kong Mercantile Exchange (HKMEx), bought 10% of its shares, said the En +. 

"The Hong Kong Mercantile Exchange was incorporated in 2008 and will become a platform for trading stock key commodities, above all, metals and energy focused on Asian consumers. It is expected that trading on the Hong Kong Mercantile Exchange will begin in 2010. The first instrument will be traded in futures of gold supply in future non-ferrous metals will be added , including aluminum and nickel, "- the report says. 

HKMEx board of directors will include one representative  of En + Group. 

In January 2010 Rusal was the first Russian company held an IPO on the Stock Exchange of Hong Kong, as a result the company has attracted more than $ 2 billion.
Major buyers of IPO companies were VTB (3,15%), NR Investment Limited (0,48%), Paulson & Co Inc. (0,47%), Asian companies of a billionaire Robert Kuok (0,09%).

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