VTB Capital values Russia’s En+ at $9b-$12b ahead of IPO

A packet of former U.S. President Abraham Lincoln five-dollar bill currency is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron/File Photo

VTB Capital, a coordinator of the planned initial public offering of Russia’s En+ has valued the group’s total equity at between $9 billion and $12 billion, according to a VTB report obtained by Reuters.

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