Nigeria's highest court in July revoked the 2007 sale of the Alscon
smelter to Rusal, saying BFI Group was the highest bidder. It ordered
the agency in charge of the privatization in Nigeria to complete the
sale of the smelter to BFI Group.
Last month BFI Group said it has
started the process to formally take over Alscon. Rusal says it remains
the smelter's rightful owner and has appealed to the London Court of
International Arbitration.
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