Nigeria may seize UC Rusal's aluminium smelting assets in Nigeria if it follows the advice of a cabinet-appointed committee, which said the Russian company has not invested as agreed in the plant. The company has failed to fulfil this and other conditions of its purchase of a majority stake in the Aluminium Smelting Co. of Nigeria (Alscon) in 2006. Rusal paid USD250m for a 77.5% stake in Alscon. Germany's Ferrostaal AG and the Nigerian government are minority shareholders with 7.5% and 15% stakes respectively.
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