MOSCOW, February 3 (RIA Novosti) - Russian metals giant RusAl announced Friday it had purchased a substantial stake in Nigeria's leading aluminum company.
RusAl acquired 77.5% of shares in the Aluminum Smelter Company of Nigeria (Alscon) for $250 million, the RusAl press office said.
"The sum of the deal totaled $250 million. The deal will allow RusAl to expand aluminum output by 150,000 metric tons per annum," the press office said.
