U.S. News

En+ Power hires banks for planned $1.5 bln HK IPO-sources

HONG KONG, May 10 (Reuters) - En+ Power, controlled by Russian tycoon Oleg Deripaska, has appointed two banks to help on its up to $1.5 billion initial public share offering in Hong Kong, sources close to the deal said on Monday. En+ Power had hired BOC International and Deutsche Bank to finalise plans for its initial public offering in Hong Kong, aiming to raise $1 billion to $1.5 billion in the fourth quarter, the sources said. The sources declined to be identified because they were not authorised to speak to the media. En+ Power declined to comment. (US$1=HK$7.75) ((Reporting by Kennix Chim; Editing by Chris Lewis)) ((kennix.chim@thomsonreuters.com; +852 2843 6313; Reuters Messaging: kennix.chim.reuters.com@reuters.net)) Keywords: EN+POWER/IPO (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.