Two Rusal shareholders announce joint support for high-carbon business demerger

EN+ group IPJSC and SUAL Partners Limited, the two largest shareholders of aluminium producer UC Rusal, announced their joint support for de-mergering Rusal's high-carbon businesses.

Rusal announced in May it intended to pursue a demerger of its higher-carbon assets via the creation of two different businesses with separate strategies.
The announcement said the demerger is still awaiting further decision-making from the Rusal board and should be completed in the second half of 2022 subject to corporate, shareholder and regulatory approvals. 

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