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Russian Firms Form World's Largest Aluminum Maker

Oleg Deripaska (right) with Russian President Vladimir Putin in early August (ITAR-TASS) October 9, 2006 -- Russia's RusAl has announced a three-way merger to create the world's largest aluminum company. Rusal will merge with a Russian rival, Sual, and a Swiss-based company, Glencore.

RusAl is owned by the Russian billionaire Oleg Deripaska, Sual is also private-owned.

Plans for the merger were confirmed in September, after Sual co-chairman Viktor Vekselberg discussed them with
President Vladimir Putin.

(compiled from agency reports)

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