VTB Capital Acquired a 4.35% Stake in En+ Group
Moscow, 19 July 2011 - 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." About the Companies En+ Group (www.enplus.ru) is a leading Russian diversified mining, metals and energy group. En+ Group holds a 47.41% stake in the world's largest alumina and aluminium producer UC RUSAL, owns Russia's largest independent power producer EuroSibEnergo and one of the leading suppliers of ferromolybdenum to the global market SMR, significant coal assets and logistics business. En+ Group ‘s companies project pipeline includes R&D on small-scale nuclear power, a JV with China Yangtze Power Co. to explore potential for sustainable new hydro power in Siberia, projects in iron ore, gold as well as aluminium downstream, and carbon trade business. The core base of En+'s businesses is located in Eastern Siberia - close to fast growing Asian markets.
VTB Capital (www.vtbcapital.com), the Investment Business of VTB Group, is one of the three strategic business arms of VTB Group, along with the corporate and retail businesses. Since its foundation in 2008, VTB Capital has taken part in more than 164 ECM and DCM deals, which were instrumental in attracting more than USD 87.8bn worth of investments into Russia.
VTB Capital has become a national leader in global investment banking. League tables for the first 6 months of 2011 show VTB Capital as #1 Eurobond bookrunner in Russia by Dealogic, #1 local bonds bookrunner by Bloomberg and #1 ECM bookrunner in Russia and the CIS by Dealogic and Bloomberg. In 2010, VTB Capital became #1 M&A Adviser in Russia by mergermarket. In 2011 VTB Capital research team has been ranked #1 in Thomson Reuters Extel Survey and Institutional Investor All-Russia Investor Survey. Also, the company won the Cbonds Awards in several nominations.
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