Sberbank may cover RUSAL repayment to Alfa-sources
MOSCOW/LONDON, Sept 29 |
MOSCOW/LONDON, Sept 29 (Reuters) - Russian state bank Sberbank SBER03.MM is expected to lend aluminium giant United Company RUSAL money to cover repayment of a loan from privately controlled Alfa Bank, sources close to RUSAL debt talks said.
A RUSAL spokeswoman said RUSAL had repaid Alfa from its own cash resources.
The world's largest aluminium company has outraged members of a 70-strong creditors' club, working on a deal to restructure $7.3 billion of RUSAL's foreign debt, by repaying Alfa ahead of other lenders, sources close to the talks said. (Reporting by Melissa Akin and Polina Devitt in Moscow and Christopher Mangham in London, editing by Robin Paxton)
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