OREANDA-NEWS. November 20, 2012. En+ Group increases its stake in UC RUSAL to 48,13% by buying 0,72% from the market participants.

"We believe that UC RUSAL is fundamentally undervalued and has a huge growth potential" - commented the transaction Artem Volynets, CEO of En+ Group.

En+ Group (www.enplus.ru) is a leading Russian diversified mining, metals and energy group. En+ Group holds a 48.13% stake in the world's largest aluminium producer UC RUSAL, owns Russia's largest independent power producer EuroSibEnergo and one of the leading suppliers of ferromolybdenum to the global market SMR, significant coal assets and logistics business. En+ Group ‘s companies project pipeline includes R&D on small-scale nuclear power, a JV with China Yangtze Power Co. to explore potential for sustainable new hydro power in Siberia, projects in iron ore, gold and aluminium downstream. The core base of En+'s businesses is located in Eastern Siberia - close to fast growing Asian markets. En+ Group consolidated revenue in 2011 exceeded USD 15.3 billion.