Puneet Varma

En Group

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Website  eng.enplus.ru
Revenue  11.9 billion USD (2014)
Net income  2.2 billion USD (2014)
Type  Privately held company
Owner  Oleg Deripaska
Founded  2002
Headquarters  Moscow, Saint Helier
En+ Group httpsuploadwikimediaorgwikipediaen22fEN
Number of employees  Approximately 100,000 (2014)
Subsidiaries  LLC “Avtozavodskaya CHP”, Razrez Ugol LLC

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.

Contents

History

The formation of En+ Group was announced on 21 February 2006. It is registered in Jersey. In 2011 VTB Capital paid $500 million for a 4.35% stake in the company, valuing the company at around $11.5 billion. 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:

  • 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.

    References

    En+ Group Wikipedia


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