ENRC till the end of November will publish the prospect of shares' issue for IPO, plans to conduct offering till the end of year
15.11.07 17:40
/INTERFAX-KAZAKHSTAN, Almaty, November 15, 07/ - Eurasian Natural
Resources Corporation (ENRC) till the end of current month plans to publish
prospect of issue of shares for IPO, had told to Interfax-Agency the
corporate communications director of the group Alexey Pan.
"Primary offering we are planning to conduct till the end of year", - he told.
As it was informed, ENRC announced on last Tuesday about intention to
conduct the offering of shares on main platform of London stock exchange.
Main organizer of IPO was appointed Deutsche Bank, co-organizers are -
ABN Amro Rothschild, Credit Suisse and Morgan Stanley. Free float of the
company after offering would make not less than 20%.
Meanwhile, A.Pan did not informed about structure and price of offering.
"We'll comment all these parameters later", - he told.
ENRC consolidated assets of such enterprisers as Kazchrome, Aluminum of
Kazakhstan, Kazakhstan electrolysis plant, Zhayremskiy ore mining and
processing combine, Sokolovsko-Sarbayskoye mining and processing
union, Euroasian energy corporation and also ENRC Logistics and ENRC
Marketing & Sales. 24.8% shares of ENRC belong to Government of
Kazakhstan.
[2007-11-15]