Libya's sovereign fund has bought the most shares in Russian aluminum giant RusAl's initial public offering in Hong Kong, along with Russia's national development bank Vnesheconombank (VEB), a business daily reported on Monday.
Libyan Investment Authority bought 1.43% of RusAl stock for $300 million while VEB paid $663 million for a 3.15% stake in RusAl. Overall, the world's largest aluminum producer sold 10.6% of its shares in the IPO and raised $2.24 billion, Vedomosti reported.
RusAl's IPO was the first share offering by a Russian company in Asia.
MOSCOW, January 25 (RIA Novosti)
