VTB Capital values Russia's En+ at $9 bln-$12 bln ahead of IPO

MOSCOW, Oct 6 (Reuters) - VTB Capital, a coordinator of the planned initial public offering of Russia's En+ has valued the group's total equity at between $9 billion and $12 billion, according to a VTB report obtained by Reuters. En+ Group, which manages Russian tycoon Oleg Deripaska's aluminium and hydropower businesses, is planning an initial public share offering (IPO) in London and Moscow. It has not said how much of its equity it plans to float but has said it hopes to raise $1

from Reuters: New Issues News http://ift.tt/2fS8Oqc