Russian Group EN+ Plans $1.5 Billion Offering in London and Moscow<br />Maxim M. Sokov, the chief executive of EN+, said in a news release<br />that listing in London and Moscow “will further increase our profile among the international financial community, support our deleveraging plans and give new investors a chance to participate in an exciting yield and growth story.”<br />“Looking ahead, we are confident that we can create real value for all shareholders, deliver strong growth and pay an impressive dividend,” he added.<br />The listing would be one of the largest by a Russian company since the Kremlin drew sanctions<br />and international condemnation by annexing Crimea in 2014.<br />would be a test of how attractive Russian assets are to investors, given the often tense geopolitical background.<br />EN+ said it intended to list global depositary receipts on the London Stock Exchange<br />and on the Moscow Exchange, adding that it intended to list in London next month
