Page last updated at 16:03 GMT, Friday, 22 January 2010

Rusal launches $2.2bn share sale in Hong Kong

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Russian aluminium firm Rusal has sold $2.2bn (£1.36bn) of shares in a public listing in Hong Kong.

The sale had been delayed twice because of concerns about the company's huge $16.8bn of debt.

Rusal sold 1.61 billion shares at 10.80 Hong Kong dollars ($1.40, 86 pence) each.

Shares in the company - which is the first Russian firm to list its shares in Hong Kong - will start trading on 27 January.

Andrew Wood reports from Hong Kong.

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