[miningmx.com] – EURASIAN Natural Resources Corp. (ENRC)’s founders, and the Kazakh government, are preparing an offer that values the mining company at $4.7bn, said Bloomberg News citing comments from the bidding group.
The proposal by Alexander Machkevitch, Patokh Chodiev and Alijan Ibragimov as well as Kazakhstan’s government to take the company private would offer shareholders $2.65 in cash and 0.23 Kazakhmys stock for each ENRC share held, the newly created Bidco group said.
Click here to read the full article
