DAVOS, Switzerland Jan 24 Russian state lender
Sberbank is negotiating with aluminium company Rusal
on a debt restructuring deal, which will help the
company weather low aluminium prices, two banking sources told
Reuters on Friday.
Loss-making Rusal has been hit by the weak
aluminium price and maintaining net debt levels of around $10
"The model has been broadly agreed ... We cannot afford the
world's largest producer to fail," one of the sources said.
Rusal declined to comment on discussions with Sberbank.
Reuters could not reach Sberbank for immediate comment.
(Reporting by Dmitry Zhdannikov; additional reporting by Polina
Devitt, editing by Elizabeth Piper)