Russian bank VTB is in talks with Chinese companies over a potential investment in energy-to-aluminium group EN+, people with knowledge of the talks told the Financial Times.
London-listed EN+, which was under US sanctions until January this year, controls Rusal, Russia’s largest aluminium producer and the world’s largest outside China.
VTB, the Kremlin-controlled bank that owns 21.68 per cent of EN+, has been approached by two Chinese state-related industrial groups about a potential share sale, according to two people briefed on the talks.
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