En+ Group

En+ Group Ltd.
Private company
Founded 2002 (2002) (Moscow)
Headquarters Moscow, Russia
(Head office)
Saint Helier, Jersey
(Registered office)
Revenue US$15.3 billion (2011)[1]
Owner Oleg Deripaska
Number of employees
Approximately 100,000[1]
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.[2] In 2011 VTB Capital paid $500 million for a 4.35% stake in the company, valuing the company at around $11.5 billion.[3] An IPO is planned on the Hong Kong Stock Exchange in 2013–2014.

Operations

En+ Group is Russia-based diversified mining, metals and energy group. En+ Group holds:[4]

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.[5]

References

  1. 1 2 "Facts and figures". En+ Group Ltd. Retrieved 19 February 2013.
  2. "Deripaska Creates a New Energy Holding". The Moscow Times. 2006-02-22. Archived from the original on 2006-02-22. Retrieved 2008-01-06.
  3. "Russia's VTB Capital buys 4.35 pct in En+ Group". Reuters. 2011-07-19.
  4. "En+ Group website". Retrieved 2012-02-23.
  5. "En+ Group Plans Big Expansion". The Moscow Times. 2012-01-29.

External links

This article is issued from Wikipedia - version of the Saturday, June 27, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.