Kazakhmys after ENRC deal
Edited by Rhod Mackenzie / 2013-08-13 06:14:33
On terms of the deal on ENRC sale, Kazakhmys will receive a little more than 77 million of its own shares and about $875 million less all expenses.
Shares:
- We’d like to note that Kazakhmys can’t receive its shares for noncash remuneration. To overcome this technical limit, Eurasian Resources (the consortium) will offer an additional sum of money – 207 548 850 pounds sterling to Kazakhmys. Then Kazakhmys will buy (buy-back) 77 041 147 its own shares from Eurasian Resources for 206 516 265 pounds sterling (minus expenses).
