MOSCOW, 2 may. /TASS/. London stock exchange (LSE) abolished 2 may suspend trading of the global Depository receipts (GDRs) of En+ Group of Oleg Deripaska, fell under the sanctions, and moved it to June 1. On Wednesday said in a message exchange.
What happened to Oleg Deripaska and his companies
“Suspension of trading now scheduled for 17:15 (19:15 GMT) on Friday 1 June 2018, unless further changes of time”, – stated in the text. The exchange notes that it continues to study the situation around the En+ targeted by the sanctions, and is consulting with authorities in the UK.
The U.S. government on April 6 announced the introduction of sanctions against several Russian officials, businessmen and companies. One of them was Deripaska and his company Agroholding “Kuban”, “the EuroSibEnergo”, “RUSAL”, the holding “Russian machines” and “GAZ Group”, the investment company B-Finance, holdings Basic element and En +. Later, the United States announced that it is ready to remove sanctions from the company “RUSAL” if Deripaska will reject part of its assets and control of the company.
En+ is an integrated manufacturer of aluminium and electricity. The company integrates power plants with a capacity of 19.7 GW and aluminum plants with capacity of 3.9 million tons per year (through a controlling stake in RUSAL), which are the main consumer of energy produced. The largest shareholder of En+ Group Deripaska is.