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July 29, 2015 10:32 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: 36
President and Director
Age: 47
Chief Operating Officer
Managing Director of Coal Business
Deputy Chief Executive Officer
Age: 50
Compensation as of Fiscal Year 2015.

En+ Group Ltd. Key Developments

En+ Group Announces Consolidated Financial Results for the Year 2014

En+ Group announced consolidated financial results for the year 2014. The group’s consolidated revenue dropped 6% to $11.9 billion in 2014 year on year amid a volatile commodity price environment, the suspension of high cost aluminium and ferromolybdenum smelters and a depreciation of the Russian rouble. Adjusted EBITDA reached $2.2 billion in 2014, which is 60% higher than in 2013. The significant increase derives from enhanced efficiencies and cost reductions throughout the Group's businesses, as well as an appreciation of the year average aluminium price.

EuroSibEnergo In Talks To Acquire 40% Stake In Irkutskenergo

OOO EuroSibEnergo is continuing discussions with Open Joint-Stock Company INTER RAO UES (MICEX:IRAO) regarding acquiring stake in Irkutsk Joint Stock Company of Energetics and Electrification (MICEX:IRGZ) (Irkutskenergo). En+ Group Ltd.’s Chief Executive Officer Maxim Sokov said: "This is a logical affair that completely fits into industrial logic both for us and for Inter RAO as well. That is, for us this is consolidation of energy assets on the books of EurosibEnergo and for Inter RAO this is essentially the sale of a noncore asset where they don't have control…I don't think that it will be surprising to say that there is a dialog. It's just that there is no result yet, but nonetheless there is a dialog." He added: "We're discussing with Chinese power companies the possibility of their acquisition of an equity interest in En+, as well as Eurosibenergo. With funds from potential investors we could, among other things, finance a deal to buy out the Irkutskenergo stake from Inter RAO." The acquisition of the 40% stake in Irkutskenergo could also be financed with bank loans, he stated.

En+ and Shenhua to Carry Out RUB 85 Billion Coal Energy Project in Transbaikal

En+ and Shenhua could begin developing coal fields in the Chikoyskaya depression in Transbaikal territory. A power plant could be built at the field as well. Overall investments in the project are estimated at RUB 85 billion, excluding VAT, of which 20%-30% could come from company funds and 70%-80% from borrowed funds. The project has preliminarily been set to take place in 2014-2023.

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