PARIS, Jan 25 (Reuters) - A French regulator cleared the secondary-listing of aluminium giant UC RUSAL, signalling a return of Russian issuers to Paris after French investor tragedy with defaulting loans a century ago.
A spokeswoman for the AMF said on Monday that the visa for the listing had been issued.
UC RUSAL won approval to list on the Hong Kong stock exchange late last year after securing a deal to refinance its $16.8 billion debt pile, now reduced to $14.9 billion.
The IPO has been blocked from retail investors due to risks such as future debt repayments and a London court case against the group's controller, Russian industrial magnate Oleg Deripaska, but favourable markets have seen the float garner some appeal in the early weeks of 2010.
The world's biggest aluminium group is raising $2.2 billion from the offering.
RUSAL floated 10.6 percent of its shares. Of this some 40 percent will be bought by Russian state bank VEB and other key investors.
The shares are set to begin trading in Hong Kong on Jan. 27.
BNP Paribas and Credit Suisse are the joint sponsors and global co-ordinators of the IPO.
Euronext hopes that the RUSAL listing will give a further spark to IPO activity on the exchange, after the listing of Africa focused trading firm CFAO in December.
Medica, which runs homes for the elderly and medical centres, is due to list in February.
(Reporting by Marcel Michelson)
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