July 28, 2017 3:01 AM ET

Metals and Mining

Company Overview of En+ Group Ltd.

Company Overview

En+ Group Ltd., through its subsidiaries, engages in metals, mining, energy, and logistics businesses in the Russian Federation and internationally. It produces and supplies non-ferrous metals and end products that are used in military, aircraft building, transportation, ship building, packaging, and construction industries. The company also engages in hydro and nuclear power generation; engages in coal mining; the production and processing of minerals, including ferromolybdenum, and other minerals, such as iron ore, copper, and rare earth metals. It also provides logistics services to group’s businesses. The company was founded in 2002 and is based in Moscow, Russian Federation.

1a Granatny Lane

Moscow,  123001

Russia

Founded in 2002

Phone:

7 495 642 7937

Fax:

7 495 642 7938

Key Executives for En+ Group Ltd.

Chief Executive Officer and Director
Age: 38
President and Director
Age: 49
Chief Financial Officer
Chief Operating Officer
Managing Director of Coal Business
Compensation as of Fiscal Year 2017.

En+ Group Ltd. Key Developments

Rushydro To Offer EN+ Group To Acquire Stake In IESK- Rushydro Deputy General Director

Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MISX:HYDR) will offer EN+ Group Ltd. to acquire stake in Irkutskaya Elektrosetevaya Kompaniya OAO. It may consider both, a sale or an asset swap, as stated by the Deputy General Director of Rushydro.

United Company RUSAL plc Enter into Contract with En+ Group Ltd

United Company RUSAL Plc announced that, on 16 June 2017, En+ entered into a contract pursuant to which the associate of En+ agreed to provide transport logistics services to the member of the Group. The contract price payable under the New Transport Logistics Services Contract has been determined with reference to the market price and on terms no less favourable than those prevailing in the Russian market for transport logistics services of the same type and quality and those offered by the associate of En+ to independent third parties. The basis of calculation of payment under the contract is the price for transportation of a container multiplied by the estimated number of containers required for 2017. The Company chose the service provider as it offered competitive rates and is able to provide the services required. The annual aggregate transaction amount that is payable by the Group to the associates of En+ under the New Transport Logistics Services Contract and the Previously Disclosed Transport Logistics Services Contracts for the financial year ending 31 December 2017 is estimated to be up to approximately USD 13.299 million. This annual aggregate transaction amount is estimated by the Directors based on the need for the transport logistics services by the Group and the total contract price.

En+ Group Seeks To Raise Funds

Oleg Deripaska's En+ Group Ltd. will make a decision in the next 18 months on whether to offer shares, Deripaska said in an interview with Rossiya 24 television. The company plans to raise about $1.5 billion. "We have requests from investors. We believe that in the event of appealing proposals we, more likely, will conduct a supplementary effort to raise capital. This will be a supplementary effort, once more, to retire debt," he said. The company itself "is in good shape; the group overall is focused on growth," Deripaska said. As for the market, "right now an important placement of two Russian companies is underway." In addition, the Russian market "is becoming appealing from the political standpoint as well," Deripaska said. London is being considered as the venue for the placement. "Brexit has changed a lot in the minds of British investors, we'll call it that. Overall, this is a trading floor with great expertise in the area En+ occupies," Deripaska said.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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