White & Case LLP has advised EN+, an aluminium and power producer with core assets located in Russia, on the offering of global depositary receipts admitted to trading on the London Stock Exchange and the Moscow Exchange.
According to White & Case, the total size of the transaction, which the firm describes as "the largest Russian IPO globally since 2012," amounts to USD 1.5 billion at the offer price, of which USD 1 billion is primary proceeds and USD .5 billion is a secondary component, excluding the over-allotment option.
The White & Case team advising on the transaction was led by Partners Darina Lozovsky (Moscow & London) and Jonathan Parry (London), with support from London-based Counsel Doron Loewinger and Associate Alexander Underwood and Moscow Associates Renat Akhmetzyanov, Amulang Povaeva, Yulia Akulinina, and Anastasia Sheyndlina.
White & Case did not reply to a request for more information about the matter.
