En+ Group

En+ Group Ltd.
Public company
Traded as LSE: ENPL
MCX: ENPL
Founded 2002 (2002) (Moscow)
Headquarters Moscow, Russia
(Head office)
Saint Helier, Jersey
(Registered office)
Revenue US$11.9 billion (2014)[1]
US$2.2 billion (2014)[2]
Owner Oleg Deripaska
Number of employees
 Approximately 100,000 (2014)[3]
Website eng.enplus.ru

En+ Group is a Russian energy-related company controlled by Oleg Deripaska. En+ Group owns a controlling interest in United Company RUSAL, owns the largest independent Russian power producer EuroSibEnergo, and is a supplier of ferromolybdenum as well as significant coal assets and logistics business. It reported revenues of $15.3 billion in 2011.

History

The formation of En+ Group was announced on 21 February 2006. It is registered in Jersey.[4] In 2011 VTB Capital paid $500 million for a 4.35% stake in the company, valuing the company at around $11.5 billion.[5] An IPO is planned on the Hong Kong Stock Exchange in 2013–2014. The company listed on the London Stock Exchange in November 2017 at $14 per share, giving En+ a valuation of $7 billion.[6]

Operations

En+ Group is Russia-based diversified mining, metals and energy group. En+ Group holds:[7]

The En+ Group coal division mined 16.8 million tons in 2011, with 90% used to generate power at its own power plants. The main asset is Vostsibugol in Irkutsk Oblast, along with other sites in eastern Siberia.[8]

References

  1. ↑ http://eng.enplus.ru/press/enplus/1785/
  2. ↑ http://eng.enplus.ru/press/enplus/1785/
  3. ↑ "Facts and figures". En+ Group Ltd. Archived from the original on 11 March 2013. Retrieved 19 February 2013.
  4. ↑ "Deripaska Creates a New Energy Holding". The Moscow Times. 2006-02-22. Archived from the original on 2006-02-22. Retrieved 2008-01-06.
  5. ↑ "Russia's VTB Capital buys 4.35 pct in En+ Group". Reuters. 2011-07-19.
  6. ↑ "Deripaska's En+ to price London IPO at $14 a share, bottom of range". Financial Times. Retrieved 6 November 2017.
  7. ↑ "En+ Group website". Archived from the original on 2013-04-16. Retrieved 2012-02-23.
  8. ↑ "En+ Group Plans Big Expansion". The Moscow Times. 2012-01-29.
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