Rusal: LMZ SKAD share

Rusal: LMZ SKAD share

UC Rusal has acquired share of the foundry and mechanical production facility SKAD (SKAD), which is a producer of aluminium alloy car wheels, located in Krasnoyarsk.   Under the terms of the transaction, Rusal will own a stake in the authorised capital of LMZ SKAD LLC and its founder, Idris Zakriev, will remain as Chief Executive Officer of the production facility. SKAD produces alloy wheels for the Russian and overseas auto markets and, due to the growing consumer demand, SKAD’s management decided to raise funding by attracting a strategic partner for further development of the production facility.…