Kazakhmys after ENRC deal

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.



  • 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).

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