07 SEPTEMBER 2011IRISHTIMES
CRH eyes €400m stake
Edited by : AL CIRCLE
1 min read
BUILDING MATERIALS group, CRH, may be close to doing a deal with Oleg Deripaska, the Russian billionaire whose interests include a stake in the Aughinish Alumina plant in Co Limerick.
Mr Deripaska is one of Russia’s richest men. Forbes recently estimated his worth at around $10 billion. He is chief executive of Basic Element, which has investments across a number of sectors, including manufacturing, construction, aviation and financial services.
One of its key assets is a stake in UC Rusal, owner of the Aughinish Alumina plant on the Shannon Estuary. The plant is the largest alumina refinery in Europe.
The facility employs around 450 people and processes 1.9 million tonnes of alumina a-year. Alumina is used in the production of aluminium metal.
Mr Deripaska is one of Russia’s richest men. Forbes recently estimated his worth at around $10 billion. He is chief executive of Basic Element, which has investments across a number of sectors, including manufacturing, construction, aviation and financial services.
One of its key assets is a stake in UC Rusal, owner of the Aughinish Alumina plant on the Shannon Estuary. The plant is the largest alumina refinery in Europe.
The facility employs around 450 people and processes 1.9 million tonnes of alumina a-year. Alumina is used in the production of aluminium metal.
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