Court approves sale of Kaiser's stake in QAL

Nov 09, 2004 | 04:55 AM | David Brooks

The U.S. Bankruptcy Court for the District of Delaware has approved the sale of Kaiser Aluminum Corp.'s 20-percent stake in Queensland Alumina Ltd. (QAL) to Russian Aluminium (RusAl).

Moscow-based RusAl last month won an auction for the stake with a bid of $401 million, plus the assumption of $60 million in debt (AMM, Oct. 29).....

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