Rusal Shares May Trade in Russia Within a Year, Deripaska Says

 Jan. 30 (Bloomberg) -- United Co. Rusal shares may start trading in Russia within 12 months, Chief Executive Officer Oleg Deripaska said after the world’s largest aluminum producer made its stock market debut in Hong Kong and Paris this week.

“We think that within 12 months Russian investors who bought Rusal shares will secure us a Russian depositary program,” Deripaska said in an interview with Rossiya 24 state television that was broadcast late yesterday.

Rusal shares began trading in Hong Kong and Paris this week after the company raised HK$16.7 billion ($2.2 billion) in an initial public offering this month to help to pay down $14.9 billion of debt.

Seven other Russian companies may sell shares in Hong Kong following Rusal’s IPO, Deripaska said.

Rusal has no immediate acquisition plans and expects to resume investment in technical upgrades in the next two years, he said.

To contact the reporters on this story: Maria Kolesnikova in Moscow at mkolesnikova@bloomberg.net,