Financial News

MOSCOW (AFX) - Russia's largest aluminium producer Roussal and its second biggest, Soual are to merge, creating one giant group, said daily newspaper Kommersant. Roussal owner Oleg Deripaska will hold a 75 pct stake in the new company, while Viktor Vekselberg and his partners, shareholders in Soual, will hold 25 pct, said sources close to Vekselberg, cited by Kommersant. An agreement for the mer ...

(Repeating to amend spelling of Russian company names) MOSCOW (AFX) - Russia's largest aluminium producer Russal and its second biggest, Sual are to merge, creating one giant group, said daily newspaper Kommersant. Russal owner Oleg Deripaska will hold a 75 pct stake in the new company, while Viktor Vekselberg and his partners, shareholders in Sual, will hold 25 pct, said sources close to Veksel ...

(correcting signficant spelling errors in items transmitted at 0651 and 0656 GMT) MOSCOW (AFX) - Russia's largest aluminium producer Rusal and its second biggest, Sual, are to merge, said daily newspaper Kommersant. Rusal owner Oleg Deripaska will hold a 75 pct stake in the new company, while Viktor Vekselberg and his partners, shareholders in Sual, will hold 25 pct, said sources close to Veksel ...

Russian firm Sual has refused to comment on reports that it is to merge with compatriot Rusal to create the world's largest aluminium company. "We do not comment on rumours," said Sual spokesman Alexey Prokhorov in reference to the report in the country's Kommersant newspaper. If Sual and Rusal were to merge, they would create a new national monopoly in Russia, mirroring gas giant Gazprom. The global aluminium industry is currently led by US giant Alcoa. Already cooperating Rusal, the world ...

Lucy Farndon, Daily Mail21 August 2006 REGULATOR Ofwat is sending out a warning signal to the predators circling Thames Water that it will seek to protect consumers from bidders which take on too much debt. WANT TO KNOW MORE? DEAL FINDER: Water meters OTHER STORIES Market report: Monday preview BHP braves strikers with £1.6bn buyback Sunday newspaper share tips Severn T ...

PARIS (AFX) - Suez and Gaz de France said they remain confident of receiving regulatory approval of their merger project, after the European Commission warned the companies of potential competition distortions that could result from the deal. On Saturday, the commission said it had notified both companies of its objections to the project, in particular the dominant positions the combined group wo ...