The U.S. Department of the Treasury has again extended a deadline for Russian billionaire Oleg Deripaska to scale back his holdings within the aluminum company Rusal before sanctions become .
As of my last update in January 2022, I'm not aware of any specific situation involving a Russian billionaire taking longer to chop (or divide/sell) aluminum company holdings. It's possible that there have been developments or news after 2022 that I'm not aware of.
However, in general, when a billionaire or any large shareholder wants to sell or divide holdings in a significant company, especially in industries like aluminum which are often strategically important, several factors can contribute to the process taking longer:
1. **Regulatory Approvals:** Selling large stakes in companies, especially in strategic industries, may require approval from regulatory bodies to ensure that the transaction doesn't violate antitrust laws or national security concerns.
2. **Complexity of Holdings:** Billionaires often have complex ownership structures involving multiple companies, subsidiaries, and joint ventures. Untangling these structures to sell a portion can be time-consuming.
3. **Market Conditions:** The timing of the sale can depend on market conditions. A billionaire may choose to wait for optimal market conditions to get the best price for their holdings.
4. **Negotiations:** Selling significant stakes often involves negotiations with potential buyers, which can be a lengthy process as both parties try to agree on a fair price and terms.
5. **Strategic Considerations:** The billionaire may have strategic reasons for selling or dividing the holdings, such as focusing on other business interests, diversifying investments, or responding to changes in the industry.
If you have a specific situation or news article in mind, please provide more details, and I can try to offer more insights based on the information available to me.
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