Rusal
From Taighde
Rusal is world's largest aluminum company based in Russia. The company held an IPO in January 2010 on the Hong Kong Stock Exchange. The Libya Investment Authority purchased a $300 million stake at Rusal's IPO. This gives the LIA a 1.43% stake in the company. The stake makes the LIA the second largest investor in Rusal after Vnechekonombank. Prior to the IPO, Rusal was in talks with the Libyan Investment Authority for a cash infusion. After months of discussion, the LIA choose not to invest but then decided to invest in the IPO.
The China Investment Corporation had been rumored as a possible buyer of $300 million worth of shares from the IPO. Temasek Holdings was also rumored as a possible buyer. However, both these Sovereign Wealth Funds chose not to subscribe to the IPO.
