RUSAL can cope even if IPO delayed to 2010-report

MOSCOW, Dec 4 (Reuters) - Russia's UC RUSAL, the world's biggest aluminium producer, will not run into problems even if it has to postpone a planned share listing until next year, its top shareholder, Oleg Deripaska, was quoted as saying on Friday. RUSAL said on Thursday it had signed an agreement to restructure its $16.8 billion debt, paving the way for a $2 billion stock market floatation in Hong Kong and Paris, subject to approval by Hong Kong's stock exchange committee. The company needs the cash from the IPO to reduce its debts, which became unserviceable when demand for aluminium collapsed during the global economic downturn. However, Deripaska, once ranked as Russia's richest man, told the Financial Times in an interview that there will be "no problem" if the flotation is delayed until next year. "We have very good cash flow," the industrial tycoon was quoted as saying. He added that the listing plans would "not at all" be affected by Dubai's debt woes, which have undermined investors' confidence in emerging markets in the past two weeks, the London-based business daily reported. (Writing by Toni Vorobyova; editing by Simon Jessop)