OREANDA-NEWS. July 21, 2011. VTB Capital acquired a 4.35% stake in En+ Group from Basic Element for USD 500 mln. The acquisition of the stake in En+ Group is a strategic investment for VTB Capital.

Yuri Soloviev, First Deputy President - Chairman of the Management Board of VTB Bank, Chairman of VTB Capital holding companies Board of Directors, said, "En+ Group is a company with deep expertise in consolidation and efficient management of assets in leading industries, and a strong track record of creating both national and global business leaders. We believe that En+ has an immense growth potential that is primarily related to the strengthening cooperation between Russia and China in the energy, metals and mining sectors."

Artem Volynets,  En+ Group CEO, said, "We are delighted that VTB Capital has become a shareholder of En+ Group. Our partnership is a very important milestone as we grow towards taking En+ Group public."