May
26
Deripaska’s En+ Eyes Up to $1 Billion of Investments From China
By
Maxim Sokov, chief executive officer of En+ Group. Photographer: Andrey Rudakov/Bloomberg
Russian billionaire Oleg Deripaska’s En+ Group Ltd., whose assets include 48 percent of United Co. Rusal, is considering selling as much as $1 billion of convertible bonds or shares.
En+ is in talks with several parties, some at the stage of due diligence, and may sell its own or a unit’s securities, Maxim Sokov, the chief executive officer of the power and commodities holding company said in Moscow. Investors from China are involved in the discussions, which is “natural” since the group has projects focusing on that country, he said…
Deripaska’s En+ Eyes Up to $1 Billion of Investments From China
