NEWS: ENRC founders submit bid to take the Kazakh miner private

The three Kazakh billionaire founders of London-listed ENRC are ready to submit a new proposal to take the mining company private, media have reported.

The new bid will value the company at about $4.7b. It is reportedly backed by the Kazakh government and includes cash and shares in Kazakh miner Kazakhmys.

ENRC has come under increased scrutiny from British financial investigators over the past year.

Read the Guardian story >> here
Read the Wall Street Journal story >> here
Read the Bloomberg story >> here

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