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Zonoville Investments Ltd. entered an agreement to purchase about a 7% stake in United Co. Rusal Plc from Dimosenco Holdings Co. Ltd.
Zonoville will purchase 1,063,511,040 common shares of RUSAL for US$503.9 million, according to the Aug. 11 release.
The buyer is an associated company of SUAL Partners Ltd., which already owns about a 15.8% interest in RUSAL.