A radical plan to depose Oleg Deripaska from his aluminium empire will have to be approved within days to avoid its shares being suspended on the London Stock Exchange. Lord Barker, the chairman of Deripaska’s EN+ business, will fly to Qatar this week to rally investor support for his plan to force the Russian billionaire to relinquish control. The move was revealed on Friday as an attempt to keep the company alive in the face of American sanctions on the business and on Deripaska himself. The tycoon, who has close ties with Vladimir Putin, has agreed a deal to sell down his 70% stake to below 50%. It is part of a last-ditch appeal to…

Source: The Times April 28, 2018 23:03 UTC