En+ Group
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| Private company | |
| Founded | 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 |
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Number of employees
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Approximately 100,000 (2014)[3] |
| Website | eng |
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.[citation needed]
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.
Operations
En+ Group is Russia-based diversified mining, metals and energy group. En+ Group holds:[6]
- 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.[7]
References
- ↑ http://eng.enplus.ru/press/enplus/1785/
- ↑ http://eng.enplus.ru/press/enplus/1785/
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