ENRC reveals consortium offer price

Eurasian Natural Resources (ENRC), the mining company 26 per cent-owned by fellow miner Kazakhmys, has confirmed that the indicative proposal made by a consortium on May 16th envisaged an offer of 175p per share in cash and 0.231 of an existing Kazakhmys shares for each ENRC share.

Eurasian Natural Resources (ENRC), the mining company 26 per cent-owned by fellow miner Kazakhmys, has confirmed that the indicative proposal made by a consortium on May 16th envisaged an offer of 175p per share in cash and 0.231 of an existing Kazakhmys shares for each ENRC share.

Major shareholder Alexander Machkevitch and fellow oligarchs Patokh Chodiev and Alijan Ibragimov announced last month that they were interested in taking over the company along with the government of Kazakhstan, who collectively own 54% of the firm.

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