Sberbank to Place Rusal Russian Depositary Receipts From Dec. 23

Bloomberg.com reports that OAO Sberbank intends to commence placing Russian depositary receipts for shares in United Co. Rusal on Dec. 23.

The story is quoted as saying:

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.

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