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VTB Capital acquired a 4.35% stake in En+ Group from Basic Element for USD$500 mln. The acquisition of the stake in En+ Group is a strategic investment for VTB Capital.
Yuri Soloviev, First Deputy President – Chairman of the Management Board of VTB Bank, Chairman of VTB Capital holding companies Board of Directors, said: “En+ Group is a company with deep expertise in consolidation and efficient management of assets in leading industries, and a strong track record of creating both national and global business leaders. We believe that En+ has an immense growth potential that is primarily related to the strengthening cooperation between Russia and China in the energy, metals and mining sectors”.
Artem Volynets, En+ Group CEO, said: “We are delighted that VTB Capital has become a shareholder of En+ Group. Our partnership is a very important milestone as we grow towards taking En+ Group public”.
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