Support The Moscow Times!

EuroSibEnergo Valued Below Own Target

EuroSibEnergo, billionaire Oleg Deripaska’s power generator, is valued at $4.1 billion to $5.3 billion, according to an analyst at Bank of China, reportedly one of the sale’s organizers.

EuroSibEnergo is seeking to raise as much as $1.5 billion in a initial public offering in Hong Kong in December, Deripaska said Nov. 14. The company plans to sell a 25 percent stake, valuing the company at as much as $6 billion, a person familiar with the matter said Nov. 10.

EuroSibEnergo is controlled by Deripaska’s En+ Group, which also owns 48 percent of United Company RusAl.

The company’s “interests may be compromised to serve power purchasing agreements with RusAl and other sister companies that mean low costs for the group customers but limited revenue upside for EuroSibEnergo,” BOC International Holdings analyst Peter Yao said in the report.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more