EuroSibEnergo to premarket Hong Kong IPO Nov 15-sources

MOSCOW, Nov 12 (Reuters) - Russian electricity producer EuroSibEnergo will start premarketing its initial public offering (IPO) in Hong Kong on Nov.15, hoping to raise around $1.5 billion, market sources told Reuters on Friday. EuroSibEnergo, part of Russian oligarch Oleg Deripaska's empire, had expected to achieve a valuation of $8 billion several months ago, however, taking into account the current market's environment, it has reduced this to about $6 billion. (Reporting by Olga Popova, Anastasia Lyrchikova and Melissa Aikin; Writing by Andrey Ostroukh; Editing by Alfred Kueppers) Keywords: RUSSIA EUROSIBENERGO/ (, +7 495 775 12 42) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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