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]