Equity stake in Rusenergosbyt, similar to Enel's stake, transferred to balance sheet of company

MOSCOW. April 11 (Interfax) - An equity stake in Rusenergosbyt LLC, similar to the equity stake of Italy's Enel group in the company, has been transferred to Rusenergosbyt's own balance sheet, according to data in the Unified State Register of Legal Entities.

Data in the USRLE indicate that Rusenergosbyt acquired ownership of 49.5% of its own equity stake on April 9, 2024, namely the same equity stake that Enel had owned, with Grigory Berezkin's ESN Group owing the remaining 50.5% equity stake.

Interfax asked Enel for comment.

Alexander Linnikov, chairman of the board of directors at Rusenergosbyt, as nominated by Enel, had a company representative respond to Interfax's request, citing Linnikov as saying that, "Changes in the corporate structure are not related to changes in the composition of shareholders."

Rusenergosbyt is one of Russia's largest energy sales companies, whose primaryn client is Russian Railways.

Rusenergosbyt was founded in 2022. Enel became a shareholder in 2006 in one of the Russian power industry's first ever deals with a foreign investor. The Italian company paid $105 million for the 49.5% stake.

Enel later bought 56.4% in the OGK-5 generating company, which would subsequently become known as PJSC Enel Russia .

Enel sold its stake in Enel Russia to Lukoil and Capital Management in October 2022. The genco then changed its name to EL5-Energo.