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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.

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