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Essar Energy
Essar Energy Plc is an Indian-focused energy company with assets in the existing power and oil and gas businesses. Headquartered in Port Louis, Mauritius and subsidiary of Essar Group, the firm has interests in both the power generation and petroleum industries. In May 2014 the company was acquired by its majority shareholder.
==History==
Established in 1998 as a wholly owned business unit of the Essar Group conglomerate,〔(Essar Energy: Prospectus )〕 the firm was partly floated on the London Stock Exchange in April 2010, marking the exchange's largest initial public offering since December 2007. The company was added to the FTSE 100 Index at the subsequent quarterly review. Essar Group retains an approximate 76% stake in Essar Energy. The lead underwriters to the Initial Public Offering were JPMorgan Chase and Deutsche Bank. The primary offering raised £1.3bn. Ravi Ruia, the Chairman, and Sanjay Mehta, a senior board member of Essar Global Limited, were identified in an "Economic Times of India" article as instrumental in the listing.〔(Essar's Ravi Ruia relocates to London; to raise $3bn )〕
Essar Energy announced in 2013 that it would sell its 50% stake in the Kenya Petroleum Refineries Limited to the Kenyan government.
In May 2014 the company was acquired by its majority shareholder.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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