news roundup
News Roundup - March 14, 2008
Financial Times: ENRC’s debut gets mixed reaction
ENRC and Kazakhmys have much in common. Each was founded by Kazakh-based businessmen who took ramshackle collections of failing ex-state-owned mining assets in Kazakhstan and turned them into highly profitable businesses…
Bamboozled by globalisation? British investors in FTSE 100 index trackers will soon own a mining company controlled by two Kyrgyzstanis (one with Israeli citizenship) and a Belgian passport-carrying Uzbek. A fifth of Eurasian National Resources Corporation is held by the government of Kazakhstan…
Bloomberg: Kazakhmys says no bid received from ENRC; shares drop
Kazakhmys Plc, Kazakhstan’s biggest copper producer, fell the most ever in London trading after saying it hasn’t received a bid proposal from Eurasian Natural Resources Corp…
Forbes: Kazakhmys: Not over yet
A day after Kazakhmys shares soared by over a fifth on takeover speculation, the copper miner has burst the bubble by confirming that it has received no formal offer from Eurasian Natural Resources. Yet this may not be the end of the story: with the two companies still in their infancy, the creation of a Kazakh national champion could still be in the cards…
Reuters: Kazakhs want more from Gazprom for Asia gas transit
Kazakhstan wants Russia’s Gazprom to pay more for the transit of Turkmen and Uzbek gas in 2009 when the latter states start charging more for their gas, the head of the Kazakh state energy firm said on Thursday…
Reuters: Court allows UniCredit to buy Kazakh unit stock
A Kazakh court has cancelled its prior ruling barring UniCredit from dealing in the shares of its Kazakh unit ATF Bank — a small initial win for the Italian bank in a legal battle with an ATF minority shareholder…
Reuters: Kazakh TV channel stake sale delayed
The sale of a 50 percent stake in Kazakhstan’s largest television channel, Khabar, has been put off until March 21, the Kazakh Stock Exchange said on Thursday…
Neweurasia.net: Mittal separates Kazakh oil assets
As it is known, Mittal Investment Sarl, the holding company of Mittal family, had in April 2007 acquired Russian oil firm Lukoil’s 50 per cent stake in Caspian Investments Resources for $980 million…
Asia Pulse: Kazakhstan’s Food Corp books 70 percent jump in net profit
Kazakhstan’s National Food Corporation, which buys and sells grain and handles State grain reserves, increased net profit 70 per cent to a tentative 433 million tenge (US$3.6 million) in 2007, the company said in an unconsolidated financial report…
Interfax: Kazakhstan’s Development Bank borrows over $1 bln
The Development Bank of Kazakhstan (DBK) said it has raised more than $1 billion in loans on international markets, despite the ongoing liquidity problems on global markets…
Interfax: President Nazarbaev to personally supervise government programs
President of Kazakhstan Nursultan Nazarbaev intends to personally supervise the implementation of top priority government programs…
Yahoo! Finance: BTA Bank has repaid USD 530.9 mln
On March 13, 2008 BTA Bank has repaid USD 530.9 mln representing the first tranche of USD 1,111 mln. Global syndicated loan facility and USD 15 mln accrued interest thereon…
RIA Novosti: Caspian gas pipe project more realistic than Nabucco - ministry
The project to build a gas pipeline along the Caspian Sea coast is more feasible than the rival Western-backed Nabucco trans-Caspian pipe bypassing Russia, a Russian senior diplomat said on Thursday…
Russia on March 13 went on the diplomatic offensive in an attempt to undermine Azerbaijan’s credibility as an energy exporter, and cast doubt on the financial viability of a Western-backed pipeline plan…
Related articles
Discussion
No comments for “News Roundup - March 14, 2008”
Post a comment