OREANDA-NEWS. December 3, 2009. Russia’s largest lender Sberbank is mulling participation in an IPO of aluminum giant RusAl, the bank’s chairman German Gref told journalists. “We could participate in the IPO as underwriter, given that the company has steady positions worldwide and its capitalization is bound to rise”, he said.

“This is interesting not only from the standpoint of underwriting, but also investments”, Gref went on to say. On Tuesday, Rusal wrapped up protracted negotiations on restructuring a USD16.8 bn debt. The company was reported to be ready to launch a road show on Monday, December 7, if the Hong Kong Stock Exchange Committee approves the listing. State-owned Vneshecombank expects to buy out around one third of RusAl’s offering.