Rio Tinto names Shell’s Katie Jackson as new copper chief
Jackson, who is the current president of National Grid Ventures, an energy group, joins Rio Tinto on September 1.
Abu Dhabi state investor Mubadala has bought a 2.6% stake in Russia’s En+ Group, which owns 56.9% in aluminium producer Rusal, Mubadala and En+ said on Wednesday.
Mubadala bought the stake from Polina Yumasheva, En+ said, the former wife of U.S.-sanctioned Russian businessman Oleg Deripaska.
Deripaska is a founder of Rusal and En+.
En+ “is a market leader in the clean energy and aluminium sectors, and is a welcome addition to Mubadala’s growing and successful portfolio in Russia,” Faris Sohail Al Mazrui, head of Mubadala in Russia, said in a statement.
Mubadala has a stake in Emirates Global Aluminium, which operates aluminium smelters in Abu Dhabi and Dubai.
Yumasheva’s stake in En+ fell to 2.58% after the deal, and En+’s free float rose to 12.3%.
The U.S. Office of Foreign Assets Control (OFAC) has been notified of the sale, En+ added.
(By Andrey Ostroukh and Polina Devitt; Editing by Jan Harvey and Matthew Lewis)
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