RUSAL, SUAL and Glencore deal completed

RUSAL, SUAL and Glencore are pleased to announce the completion of the deal to combine their assets and create United Company RUSAL, the world's largest aluminium and alumina producer.

UC RUSAL combines 4 bauxite mines, 10 alumina refineries, 14 aluminium smelters and 3 foil mills. The company's assets and over 100,000 employees are located in 17 countries across 5 continents.

The new company has pro forma sales of approximately US$12 billion. The group's production capacity totals approximately 4 million tonnes of aluminium and 11 million tonnes of alumina. The company owns extensive, high quality bauxite reserves and has access to a significant energy base.

The non-executive Chairman of the Board of Directors will be Victor Vekselberg, previously Chairman of SUAL. The company will be led by Alexander Bulygin, Chief Executive Officer, who was previously CEO of RUSAL.