RDIF and leading Middle Eastern and Asian funds invest in En+ Group London and Moscow IPO
Moscow, November 3, 2017 - The Russian Direct Investment Fund (RDIF), the sovereign wealth fund of Russia, as part of a consortium with leading sovereign wealth funds of the Middle East and Asia-Pacific Region, have participated in the Initial Public Offering (IPO) of En+ Group plc, a leading international vertically integrated aluminium and power producer.
The conditional trading of global depositary receipts on the London Stock Exchange commences today.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"We, and our international partners, recognize the success of the En+ Group business model. It is important to note that the placement of securities attracted a wide range of respected global investors, confirming the appeal of Russian assets. As new shareholders, we look forward to continued growth of En+ Group and the further strengthening of its position in the Russian and world markets. "
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Further information can be found at rdif.ru
En+ Group is a leading international vertically integrated aluminium and power producer. The Company combines power plants with a total installed capacity of 19.7 GW (including 15.1 GW of hydro power assets), and 3.9 mtpa of annual aluminium production capacity (through a controlling stake in UC RUSAL plc, the world’s largest aluminium producer outside of China in 2016) which is the major consumer of En+ Group’s hydroelectricity.
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Hayes / Elena Garside
Tel: +44 (0) 20 7796 4133