White & Case LLP has advised EN+, a leading international vertically integrated aluminium and power producer with core assets located in Russia, on the offering of global depositary receipts admitted to trading on the London Stock Exchange and the Moscow Exchange.
The total size of the transaction, which is the largest Russian IPO globally since 2012, amounts to US$1.5 billion at the offer price, of which US$1 billion is primary proceeds and US$0.5 billion is a secondary component, excluding the over-allotment option.
En+ Group Ltd., through its subsidiaries, engages in metals, mining, energy, and logistics businesses in the Russian Federation and internationally. The company, led by Maxim Mikhailovich Sokov, Oleg Vladimirovich Deripaska, Andrey B. Yashchenko, Alexei Kuznetsov and Andrey Churin, is based in Moscow.
The White & Case team which advised on the transaction was led by partners Darina Lozovsky (Picture) (Moscow & London) and Jonathan Parry (London), with support from counsel Doron Loewinger and associates Alexander Underwood (London), Renat Akhmetzyanov, Amulang Povaeva, Yulia Akulinina and Anastasia Sheyndlina (all Moscow).
Involved fees earner: Darina Lozovsky – White & Case; Jonathan Parry – White & Case; Doron Loewinger – White & Case; Alexander Underwood – White & Case; Renat Akhmetzyanov – White & Case; Amulang Povaeva – White & Case; Yulia Akulinina – White & Case;
Law Firms: White & Case;
Clients: En+ Group Ltd.;