En+ Group
 | |
| Company type | Private company |
|---|---|
| Founded | 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 |
En+ Group is an 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, one of the leading suppliers of ferromolybdenum to the global market SMR, 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 percent 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]
- 47.41% of United Company RUSAL
- EuroSibEnergo (which controls Irkutskenergo)
- SMR (one of the world's largest ferromolybdenum producers)
- En+ Downstream (includes aluminium downstream assets)
- En+ Coal
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
- ^ a b "Facts and figures". En+ Group Ltd. Retrieved 8 April 2012.
- ^ "Deripaska Creates a New Energy Holding". The Moscow Times. 2006-02-22. Archived from the original on 2006-02-22. Retrieved 2008-01-06.
- ^ "Russia's VTB Capital buys 4.35 pct in En+ Group". Reuters. 2011-07-19.
- ^ "En+ Group website". Retrieved 2012-02-23.
- ^ "En+ Group Plans Big Expansion". The Moscow Times. 2012-01-29.