ALSCON: FG signs Renewed Share Purchase Agreement with UC Rusal

ALSCON: FG signs Renewed Share Purchase Agreement with UC Rusal

….agreement ends decade of legal tussle with BGI Group …..Russian firm now core investor of smelting company        The Federal Government has given official recognition to Messrs UC Rusal, a Russian Company, as the core investor of the Aluminium Smelter Company of Nigeria (ALSCON) Ikot Abasi, Akwa Ibom State, following the signing of the Renewed Share …

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1. Contribute to the diversification of the country’s revenue base.

2. Create jobs and broaden the scope of opportunities available to Nigerians for economic advancement