Russian Group EN+ Plans $1.5 Billion Offering in London and Moscow
RisingWorld
2017-10-06
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Russian Group EN+ Plans $1.5 Billion Offering in London and Moscow
Maxim M. Sokov, the chief executive of EN+, said in a news release
that listing in London and Moscow “will further increase our profile among the international financial community, support our deleveraging plans and give new investors a chance to participate in an exciting yield and growth story.”
“Looking ahead, we are confident that we can create real value for all shareholders, deliver strong growth and pay an impressive dividend,” he added.
The listing would be one of the largest by a Russian company since the Kremlin drew sanctions
and international condemnation by annexing Crimea in 2014.
would be a test of how attractive Russian assets are to investors, given the often tense geopolitical background.
EN+ said it intended to list global depositary receipts on the London Stock Exchange
and on the Moscow Exchange, adding that it intended to list in London next month
Maxim M. Sokov, the chief executive of EN+, said in a news release
that listing in London and Moscow “will further increase our profile among the international financial community, support our deleveraging plans and give new investors a chance to participate in an exciting yield and growth story.”
“Looking ahead, we are confident that we can create real value for all shareholders, deliver strong growth and pay an impressive dividend,” he added.
The listing would be one of the largest by a Russian company since the Kremlin drew sanctions
and international condemnation by annexing Crimea in 2014.
would be a test of how attractive Russian assets are to investors, given the often tense geopolitical background.
EN+ said it intended to list global depositary receipts on the London Stock Exchange
and on the Moscow Exchange, adding that it intended to list in London next month
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