Deripaska’s Ex-Wife Sells 2.6% En+ Stake to Abu Dhabi’s Mubadala - Bloomberg
The ex-wife of sanctioned Russian billionaire Oleg Deripaska sold a 2.6% stake in the power and aluminum company En+ Group International PJSC to sovereign fund Mubadala Investment Co.
Following the sale, Yumasheva’s stake in EN+ will decline to 2.58%, according to a statement on Wednesday. Abu Dhabi’s wealth fund is paying about $200 million for a stake in the company founded by Yumasheva’s former husband, people familiar with the matter said earlier.
Mubadala’s total share ownership in En+ now stands at 2.86% on a fully diluted basis, the fund said in a separate statement. The statements confirmed an earlier Bloomberg News report on the deal.
“EN+ has made significant progress in recent years, and is well positioned to generate sustainable value for stakeholders,” said Faris Sohail Al Mazrui, head of Mubadala’s Russia & CIS investment program.
No comments:
Post a Comment