Ru

History

Strategic acquisitons and organic growth resulted in the creation of the largest low-carbon aluminium producer globally

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En+ Group was established with a predominant focus on the production of aluminium and alumina. Over time, through a process of strategic acquisitions, asset consolidations and organic growth, the company has developed into a leading global vertically integrated aluminium and hydropower producer.

2002

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The Group acquired 64.0% of the shares in Krasnoyarsk hydropower station. With 6.0 GW of installed electricity capacity, the Krasnoyarsk HPP is currently the tenth largest globally. Between 2003 and 2007, the Group acquired a further 4.3% interest in Krasnoyarsk HPP. In 2016, En+ Group fully consolidated the Krasnoyarsk HPP.
  • 6.0 GW

    Krasnoyarsk hydro power station installed electricity capacity

2003

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En+ Group became the sole owner of RUSAL

2004

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RUSAL and RusHydro entered into a cooperation agreement to jointly implement the BEMO Project, which involved the construction of the 3.0 GW Boguchany HPP on the Angara river and the Boguchany aluminium smelter (with a designed production capacity of approximately 588 kt of aluminium per annum) in the Krasnoyarsk Region.
  • BEMO

    a 50/50 JV between RUSAL and RusHydro

2006

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The Group acquired a controlling stake in Irkutskenergo, a power company that owns the Irkutsk (0.7 GW), Bratsk (4.5 GW) and Ust-Ilimsk (3.8 GW) HPPs and several CHPs in the Irkutsk region of Russia.
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Following the acquisitions of SUAL Group and select aluminium and alumina businesses from Glencore, the current RUSAL was formed under UC RUSAL.
  • 9.0 GW

    Combined installed capacity of the Angara HPPs cascade owned by Irkutskenergo

2007

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RUSAL completed the acquisition of a 25% plus 1 share in Norilsk Nickel, the world’s second largest producer of Nickel, the world’s largest producer of palladium and one of the world’s leading producers of platinum and copper.
  • 23%

    Norilsk Nickel’s share of global nickel production

2008

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RUSAL conducted an IPO and listed its shares and global depositary receipts on the Hong Kong Stock Exchange and NYSE Euronext in Paris. Later in 2010, RUSAL listed its Russian depositary receipts on Russia’s stock exchanges. In 2015, the RUSAL shares were permitted to list on MOEX.
  • USD 2.24 bln

    raised by Rusal during its IPO in Hong Kong

2010

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Boguchany HPP initiated operations.
  • 3.0 GW

    Boguchany HPP installed electricity capacity

2014

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Under the operational management of RUSAL, the first half of the first stage of the Boguchany aluminium smelter began operations with a production capacity of 149 thousand tonnes.
  • 528 kt

    designed annual production capacity of the Boguchany aluminium smelter

2016

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The Group successfully completed its initial public offering of global depository receipts on the London Stock Exchange and the Moscow Exchange. The offer price was set at USD 14 per share. As part of the IPO, the Group raised USD 1,500 million, making it the biggest IPO of 2017 in London. In line with pre-IPO commitments, the proceeds from the primary tranche of the offering were used for deleveraging: shortly after the listing, the Group repaid in full its VTB loan totalling USD 942 million.
  • USD 1.5 bln

    raised by En+ Group during its IPO at the LSE

2017

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On April 6, the Office of Foreign Assets Control (OFAC) of the Department of the Treasury of the United States of America designated certain legal and natural persons to its Specially Designated Nationals List (the SDN List), including, among others, the Company and its subsidiaries.
  • 287 days

    En+ Group was under US sanctions

2018

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OFAC announced the removal of the Company and its subsidiaries from the SDN List on January 27

2019

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En+ Group completed the acquisition of VTB Group's stake in the Group. The transaction allowed for a simplified ownership structure and together with the Glencore share swap (also closed in 2020), made the Group a more attractive investment.
  • 21.37%

    En+ Group stake acquired from VTB

2020