HK to keep RUSAL IPO from retail investors-IFR

HONG KONG, Dec 17 (Reuters) - Russia's UC RUSAL, the world's biggest aluminium maker, will not be allowed to sell IPO shares to retail investors, IFR Asia reported on Thursday, citing sources, as a condition implemented by Hong Kong regulators. UC RUSAL, controlled by industrial magnate Oleg Deripaska, has secured Russia's largest-ever debt restructuring and is trying to press ahead with plans to list 10 percent of its shares in Hong Kong and Paris, in what is expected to be a roughly $2 billion IPO. Hong Kong regulators were meeting with RUSAL represenatives to discuss other conditions for the IPO, sources close to the matter have told Reuters. It is not clear if Hong Kong regulators or RUSAL had reached any final agreement on whether the IPO could officially go forward. (Reporting by Fiona Lau; Editing by Michael Flaherty and Chris Lewis)