EN+ sale coming as Deripaska steps back for sanctions relief

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By Sam Kerr
04 Jun 2018

EN+, the London-listed aluminium and hydrogroup which was torpedoed by US sanctions in April, could soon be free as its majority shareholder Oleg Deripaska prepares to sell down his 66% stake in the group to below 50%.

On Thursday May 31, the US Treasury's Office of Foreign Assets Control (OFAC) issued a new licence to US holders of debt or equity in EN+, Rusal and Gaz Group. It gives US persons until August 5 to divest their holdings in these companies.

General Licence 13B supersedes ...

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