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Ukraine allows Glencore to own stake in alumina plant of Russia's Rusal

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Ukraine allows Glencore to own stake in alumina plant of Russia's Rusal

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KIEV (Reuters) – Ukraine’s anti-monopoly committee has allowed commodities trader Glencore <GLEN.L> to own a stake in a major Ukrainian alumina refinery controlled by Russia’s Rusal <0486.HK>, the committee said in a statement on Wednesday. “The anti-monopoly committee has granted the relevant permits,” it said. As a result of the permits, Glencore can acquire shares in companies Aluminium of Ukraine and Guardon Ukraine, which own the Mykolaiv alumina plant and are themselves controlled by Rusal.

(Reporting by Natalia Zinets; Writing by Alessandra Prentice; Editing by Mark Potter)
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