BREAKING NEWS

Now Reading:

Boardroom row at top Russian metal firm


corporate

Boardroom row at top Russian metal firm

The chairman of Russia’s huge aluminium company Rusal has resigned.

The firm said Viktor Vekselberg stepped down because of a bitter struggle between its major shareholders over how to rescue the company from an estimated 8.4 billion euro debt.

Rusal is run by its biggest stockholder and chief executive, Oleg Deripaska, who was once Russia’s richest man.

He has a 47.4 percent stake.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article

corporate

VW on target to become world's biggest carmaker