Oleg Deripaska has agreed, in principle, to reduce his shareholding in the EN+ Group to below 50% and resign from the company's board, the company announced today.
EN+ Group holds a 48.1% stake in UC Rusal - both companies have been hit by United States' sanctions imposed on Deripaska earlier this month. VTB Capital, the investment bank, owns 4.35% of EN+ and Deripaska and his family own the remainder.EN+ has the status...