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

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.