Published On: Sat, Jun 19th, 2010

En+ Group Announces Acquisition of a 10% Stake in HKMEx

En+ Group has become a founding shareholder in the Hong Kong Mercantile Exchange (HKMEx) after acquisition of a 10% equity interest in the Exchange.

“We are glad to become a founding shareholder in HKMEx and take part in building Asia’s Exchange in Hong Kong – one of the region’s most prominent financial hubs. Asia is the world’s largest resources consumer, and we believe that HKMEx will bridge the international commodities markets with Asia to provide an efficient and transparent pricing platform for end-users and the global trading community,” said Artem Volynets, First Deputy CEO of En+ Group. “This dovetails our growth strategy at En+ Group to capture exciting new opportunities in Asian markets that can be served efficiently by our core portfolio in nearby Eastern Siberia.”

“We’re delighted to have En+ Group as a founding shareholder,” said Barry Cheung, Chairman of the Hong Kong Mercantile Exchange. “This will further enhance our position to build a robust commodities exchange where regional and global trading partners can interact to mutual benefit.”

En+ Group will have one representative on HKMEx Board of Directors.

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