Rusal falls in Hong Kong after Prokhorov sells 3.3% stake

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Rusal falls in Hong Kong after Prokhorov sells 3.3% stake

Mikhail Prokhorov_AP_230x150
MOSCOW, RUSSIA - DECEMBER 19, 2016: Businessman Mikhail Prokhorov (C) ahead of a meeting of Russia's President Vladimir Putin with Russian business community representatives, at the Moscow Kremlin. Sergei Savostyanov/TASS | Sergei Savostyanov/Photas/Tass/PA Images

Shares in Rusal, the largest aluminium producer in Russia, closed 3.9% lower in Hong Kong on Tuesday after Onexim, an investment vehicle controlled by Mikhail Prokhorov, the billionaire owner of the Brooklyn Nets, sold 3.3% of his stake in the company for HK$1.8bn ($240m), through an accelerated bookbuild launched on Monday night.

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