Rusal IPO postponed by Hong Kong Exchange

The world’s biggest aluminum company, United Co. Rusal failed to get approval for its planned $3bn initial public offering in Hong Kong. According to reports, stock-exchange officials in Hong Kong are seeking further reassurance about Rusal's debt. The delayed approval is a setback for the aluminum giant, which is advised by Cleary Gottlieb Steen & Hamilton, Ashurst, Sidley Austin and Russian law firm Egorov Puginsky Afanasiev & Partners.

Rusal IPO postponed by Hong Kong Exchange bloomberg.com bloomberg.com Tue, Dec 8, 2009

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Cleary Gottlieb Steen & Hamilton LLP Sidley Austin LLP Ashurst LLP

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