Deripaska's En+ Group wins extension on $1 bln debt

* New loan agreement expected within two months * New deadline end-2013 * EN+ assets include aluminium producer UC RUSAL MOSCOW, July 29 (Reuters) - En+ Group, owned by Russian businessman Oleg Deripaska, has secured an extension until the end of 2013 on repayment of $1 billion in debt to a group of 40 foreign and Russian banks, the company said on Wednesday. En+, whose assets include aluminium producer United Company RUSAL, said it expected to sign the debt-restructuring agreement within the next two months. "The co-ordination committee of lenders has endorsed the restructuring term sheet and distributed it to the banks," En+ General Director Vladislav Solovyov said in a statement. "The next step will be getting the approval of the term sheet by En+ Group's lenders." En+ manages the assets of UC RUSAL, the world's largest aluminium producer. UC RUSAL is in separate negotiations over how to restructure its total $16.8 billion debt, including $7.3 billion to foreign banks. [ID:nLS604685] En+ Group controls more than 60 percent of Deripaska's business interests. These include oil assets and a share in Kombinat Aluminijuma Podgorica, the aluminium smelter that accounts for half of Montenegro's exports. "We are cautiously optimistic about the trends in the aluminium and oil derivatives markets -- the key markets for En+ Group companies," Solovyov said. (Editing by Will Waterman)