Oleg Deripaska to reduce EN+ Group shareholding in bid to have US sanctions lifted

RUSAL’s parent company EN+ Group – an entity also sanctioned by the US on 6 April 2018 for being linked to designated-Russian ‘oligarch’ Oleg Deripaska – has announced that, Mr Deripaska has “agreed in principle to… reduce his shareholding in the Company to below 50%”. Furthermore, that he has agreed to “resign from the Board and consent to the appointment of...