BY ALEXANDER KOLYANDR AND GREGORY L. WHITE
MOSCOW–A Russian state bank is likely to take a stake in the initial public offering of UC Rusal, marking the first government ownership of the embattled aluminum giant, a person close to the company said.
Vneshekonombank, or VEB, is expected to discuss taking part in the IPO at a board meeting Thursday chaired by Prime Minister Vladimir Putin, people familiar with the matter said. Oleg Deripaska, Rusal's billionaire chief executive and main shareholder, is expected to attend.
The person close to Rusal said it isn't clear yet how large a stake the bank would consider buying. A modest investment by ...
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