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Report: En+ said to explore London/Hong Kong IPO

En+ Group Ltd. is said to be mulling over an IPO next year, with markets including London and Hong Kong under consideration, Bloomberg News reported Dec. 22, citing people familiar with the matter.

However, no final decision has been made and talks with advisers may not lead to an actual offering.

En+ assets include a stake of more than 48% in Russian aluminum producer United Co. RUSAL Plc as well as coal mines in Russia. The company may seek a valuation of between US$10 billion and US$12 billion, according to the report.