Sberbank to Place Rusal Russian Depositary Receipts From Dec. 23

OAO Sberbank will start placing Russian depositary receipts for shares in United Co. Rusal, the world’s biggest aluminum producer, as of Dec. 23, the bank said in an e-mailed statement.

The receipts, the first to be issued by a Russian company, will allow Rusal, which raised $2.24 billion from the sale of shares in Hong Kong in January, to attract additional investors.

The receipts will be valid for all of Rusal’s authorized share capital of 20 billion common shares, the Moscow-based company said in a Dec. 1 statement.