OREANDA-NEWS. United Company RUSAL plans the transformation of the new company into a public entity through an initial public offering (IPO) on the London Stock Exchange within three years from the date of the deal's closing.

According to the press service of RUSAL, company RUSAL, the world’s third largest aluminium producer, SUAL Group, one of the world’s top ten aluminium producers, and Glencore International AG, the Swiss natural resources group announce today that they have signed an agreement to create the “United Company RUSAL” by merging their respective aluminium and alumina assets.

The shareholders do not view an IPO as a goal in itself, but rather as an instrument to further expand and strengthen RUSAL's market-leading position in the global aluminium industry.