Three named to En+ voting trust as Deripaska looks to reduce stakes

Russian conglomerate En+ Group on Friday named three Americans who will form a voting trust to help Oleg Deripaska reduce his stake in the company in exchange for a waiver from US sanctions.

Deripaska has agreed to reduce his stake in London-listed En+ to 44.95% from 70% and assign any voting rights above 35% to a voting trust.