Support The Moscow Times!

EuroSibEnergo’s Price Tag

Oleg Deripaska is valuing his electricity producer EuroSibEnergo at about $8 billion, ahead of a planned Hong Kong initial public offering this fall, two sources said Wednesday.

The billionaire is currently marketing his power unit — formerly called En+ Power — to potential cornerstone investors in Moscow, the sources said.

They said Deripaska was hoping to list 25 percent of EuroSibEnergo shares.

(Reuters)


Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.