PARIS (Reuters) - French insurer Axa (AXAF.PA) plans to buy a significant stake in Russia’s UC RUSAL, the world’s top aluminum producer, French daily La Tribune said on Monday.
The newspaper did not say where it obtained the information.
Axa could not be immediately reached for comment.
RUSAL hopes to raise $2.6 billion through an initial public offering.
RUSAL’s shares are due to begin trading in Hong Kong and in Paris on January 27.
Reporting by Dominique Vidalon; Editing by Mike Nesbit