You are here: Home » Reuters » News
Business Standard

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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