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Exclusive: Russia's En+ invites banks to pitch for $1 billion share sale - sources

Reuters  |  LONDON/MOSCOW 

By Dasha Afanasieva and Olga PopovaLONDON/MOSCOW (Reuters) - Russia's En+ Group has invited international banks to pitch for the sale of $1 billion of shares in the company that manages the aluminium and hydropower businesses of Russian businessmen Oleg Deripaska, three sources said.The inclusion of Deripaska on a U.S. list of Russian oligarchs published on Jan. 29, however, is making some U.S. banks who worked with En+ on its initial public offering (IPO) in November wary about participating this time, one of the sources said.The source, whose institution has been asked to pitch for the new ...

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First Published: Wed, February 14 2018. 21:06 IST