Abramovich close to £500m deal

Chelsea football club owner Roman Abramovich is close to putting another half a billion pounds into his burgeoning bank accounts.

Abramovich close to £500m deal

Under the deal, Basic Element, the holding company controlled by Russian aluminium baron Oleg Deripaska, would acquire full control of Russian Aluminium, in which Mr Abramovich has a 25% stake, said to be worth £550 million.

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