Siberia | Energy, utilities | Materials, extraction

En+ takes control of coal supplier Resourseserviceholding

2 May '08
Energy firm En+ Group has bought a controlling stake in coal supplier Resourseserviceholding, Regnum has reported.

Eurosibenergo, En+ Group's electrical supply arm, paid an undisclosed sum for 99.845% of shares in the firm from investment firm Donalink Ltd.

Resourseserviceholding supplies coal to power plants and itself owns a network of factories.

According to reports En+ and Donalink have both opted not to reveal the value of the deal until later.

En+ is owned by Basic Element, the investment firm run by Russian tycoon Oleg Deripaska.
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