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RENEWABLE ENERGY BOOST

Mubadala buys key stake in Russian energy group EN+

ABU DHABI, June 23, 2021

Mubadala Investment Company, an Abu Dhabi-based sovereign investor, has announced the acquisition of a 2.6 per cent stake in Anglo-Russian green energy and metals company EN+. 
 
With this buy, Mubadala’s total share ownership in EN+ now stands at 2.86 percent on a fully diluted basis. The new block acquisition equates to 16,641,700 of EN+ ordinary shares. 
 
A global leader in low-carbon aluminium production and renewables, EN+ is listed on the Moscow Stock Exchange, while its GDRs are tradeable on the London Stock Exchange.
 
Faris Sohail Al Mazrui, Head of Mubadala’s Russia & CIS Investment Program, said: "EN+ has made significant progress in recent years, and is well positioned to generate sustainable value for stakeholders. The company is a market leader in the clean energy and aluminium sectors, and is a welcome addition to Mubadala's growing and successful portfolio in Russia."
 
Mubadala’s $243 billion global portfolio spans six continents with interests in multiple sectors and asset classes, including significant investments in Masdar, a global leader in renewable energy, and Emirates Global Aluminium, a leading aluminium producer.
 
Lord Barker of Battle, Executive Chairman of the En+ Group, said: "We are pleased to see Mubadala increase their stake in EN+. It is a clear endorsement of the strength of the company’s equity story to attract such a leading global investor."
 
"Mubadala, which is committed to investments with positive and lasting impact, provides a further vote of confidence in the Group’s ambitious strategy to lead our sector into the low-carbon economy," he added.



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