MarketWatch
Russian electric utility En+ Power has selected two banks to support its Hong Kong initial public offering, expected to fetch up to $1.5 billion, according to a Reuters report, which cited sources close to the deal speaking on Monday. The company is the third linked to Russian tycoon Oleg Deripaska to look towards Hong Kong following UC Rusal's (HK:486 8.30, +0.08, +0.97%) listing in January. It also follows on from the recently-postponed listing of Strikeforce Mining & Resources . En+ Power has engaged BOC International and Deutsche Bank to oversee the listing, expected in the fourth quarter, the report said.
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