Nigeria signed Renewed Share Purchase Agreement with UC Rusal for the takeover of the Aluminium Smelter Company of Nigeria (ALSCON). The agreement was signed by the two parties in Abuja on Friday, January 19.
The Minister of Mines and Steel Development, Dr Kayode Fayemi, said that the Federal Government still retains 20 per cent equity in the Aluminium Smelter Company of Nigeria (ALSCON).
The Permanent Secretary, Ministry of Mines and Steel Development, Dr Muazu Abdullahi; Minister of State for Mines and Steel Development, Mr. Abubakar Bawa Bwari; the CEO/Member of the Board of Directors UC Rusal, Mr. Vladislav Soloviev; the Managing Director of ALSCON, Mr. Dmitry Zavyaiov; and Head of Legal, UC Rusal, Mr. Piter Maxsimov, were present at the ceremony.
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