Home > News > Russia

Nigeria court rules smelter was wrongly sold to RUSAL

Thursday, Jul 19, 2012
点击:

  Nigeria's supreme court ruled that former state-owned Aluminium Smelter Company of Nigeria (ALSCON) should have been sold to a U.S.-based firm, not to Russia's RUSAL, but RUSAL said it remained the owner.

  RUSAL, the world's largest aluminium producer, acquired the controlling stake in ALSCON in 2007 and now owns 85 percent of its assets, including an aluminium smelter with annual capacity of 120,000 tonnes, with the remaining stake belonging to the Nigerian government.

  The court ruling document, seen by Reuters, said RUSAL paid $205 million for a 75 percent stake in ALSCON in 2007.

Recommended exhibitions

16TH ARAB INTERNATIONAL ALUMINIUM CONFERENCE
  ARABAL, which is being organized and hosted by Qatalum, is the premier trade event for the Middle East's aluminium i......
Aluminium 2012
  ALUMINIUM is the leading B2B platform in the world for the aluminium industry and its main applications. This is whe......
The 4th edition of Zak Aluminum Extrusions Expo
 Date

  14th - 16th December 2012

  Venue

  Pragati Maidan,

  New Delhi,India.

  Exhibition Timings

 ......
ALUMINIUM DUBAI 2011
Name:ALUMINIUM DUBAI 2011
Time:2011-5-9 to 2011-5-11
Place:Dubai International Convention & Exhibition Centre, Dubai, UAE......