En+ Group
 | |
| Type | Private company |
|---|---|
| Founded | 2002 (Moscow) |
| Headquarters |
Moscow, Russia (Head office) Saint Helier, Jersey (Registered office) |
| Revenue | US$15.3 billion (2011)[1] |
| Owner(s) | Oleg Deripaska |
| Employees | Approximately 100,000[1] |
| Website | eng.enplus.ru |
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, and is a supplier of ferromolybdenum as well as significant coal assets and logistics business. It reported revenues of $15.3 billion in 2011[citation needed].
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
- ↑ 1.0 1.1 "Facts and figures". En+ Group Ltd. Retrieved 19 February 2013.
- ↑ "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.