Russian Mining Tycoons Eyeing Return to London Stock Market
- En+, Polyus could be London’s first Russian listing in 3 years
- Both companies could end up competing for limited investment
The London Stock Exchange offices in Paternoster Square.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
For three years, Russian companies retreated from the London stock market. Now, a pair of oil and mining billionaires is hoping to break the drought.
En+ Group Ltd., owned by aluminum magnate Oleg Deripaska, and Polyus PJSC, a gold producer controlled by the family of Suleiman Kerimov, are planning to sell shares in May or June. If successful, they could raise as much as $3 billion in London and Moscow.