November 03, 2017
Russia’s En+ Group lists on London Stock Exchange
- En+ Group raises $1.5 billion from international investors, valuing the company at $8 billion
- Largest Russian IPO globally since 2012, reinforcing London Stock Exchange’s position as global partner of choice for international Russian fundraising
- Underlines London’s status as most international financial centre
London Stock Exchange today welcomes En+ Group, a leading international vertically integrated aluminium and power producer with core assets located in Russia, to its Main Market. The company raised $1.5 billion from the sale of new and existing shares to international investors, valuing the company at $8 billion.
En+ Group is the largest Russian IPO globally since 2012, reinforcing London Stock Exchange’s status as the partner of choice for international Russian fundraising and the City’s status as the most international financial centre.
To celebrate the listing, Xavier Rolet, CEO, London Stock Exchange Group welcomed Lord Barker, Chairman, En+ Group, Maxim Sokov, CEO, En+ Group, Andrey Yashchenko, CFO, En+ Group and His Excellency Alexander Yakovenko, Ambassador of Russia to the United Kingdom, to London Stock Exchange today to open trading.
Maxim Sokov, CEO, En+ Group:
"We are delighted to list En+ Group on the London Stock Exchange, the largest initial public offering by a Russian company since 2012, the first IPO by a Russian company in London since 2014, and one of the largest IPOs in London this year.
"London Stock Exchange’s deep metals and power expertise and long experience of working with Russian issuers make London an ideal capital-raising destination for En+ Group. We are very pleased with the level of investor interest that we continue to receive. I would like to welcome all new shareholders who join us at this exciting stage of En+ Group's growth story."
Xavier Rolet, CEO of London Stock Exchange Group:
“We warmly congratulate Mr Sokov and his management team on their successful IPO today. Welcoming En+ Group to London Stock Exchange is a significant milestone which underlines the City’s position as the leading global listing venue for international companies and investors’ appetite for Russian issuers. With 100 Russian and CIS businesses listed and traded on London’s markets, with a total capitalisation of over $550 billion, London is a strong partner to Russian companies seeking access to global investor capital, as well as an open and dynamic place to do business.”
London Stock Exchange has a strong record in funding the growth of Russian, CIS and mining issuers, as well as supporting companies across the Belt and Road to access international capital.
- 100 Russian and CIS companies are listed and traded on London’s market with a total market capitalisation of approximately over $550 billion
- En+ Group is the second Russian issuer to list in London in 2017, joining Russian gold producer, Polyus, which raised $879 million in July
- Russian and CIS businesses have collectively raised over $200 billion in equity and debt in London since 2004
- London Stock Exchange is home to over 200 metals and power companies with a total value of over $500 million
- More than 290 companies across the Belt and Road are listed in London and account for $995 billion in aggregate market capitalization and $98 billion raised, covering over 30 sectors
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Notes to editors:
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. The Group can trace its history back to 1698.
The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (Europe's leading fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, including retail investors, institutions and SMEs unrivalled access to Europe’s capital markets. The Group also plays a vital economic and social role, enabling companies to access funds for growth and development.
Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $15 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of data services, research and analytics through Mergent, SEDOL, UnaVista, XTF and RNS.
Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of LCH, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house and Monte Titoli, a leading European custody and settlement business.
LSEG is a leading developer and operator of high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets. Additional services include network connectivity, hosting and quality assurance testing. MillenniumIT, GATElab and Exactpro are among the Group’s technology companies.
Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,000 people.
Further information on London Stock Exchange Group can be found at www.lseg.com