IPO range 20% ENRC (Kazakhstan) 480-600 pence, borrow up to $3 bn.

/REUTERS, Almaty, Olzhas Auezov, November 29, 07/ - Range of primary offering of shares of Kazakhstan metallurgic group Eurasian Natural Resources Corporation (ENRC) is determined at 480-600 pence per share, which supposes borrowing during IPO in London of 1.2-1.5 bn. pounds ($2.5-3.1 bn) and capitalization of the company to 7.5 bn. pounds, ENRC informed. ENRC, the largest in the world producer of ferro-chrome and sixth in size world supplier of iron ore, suggests investors 252.5 m. new shares, or 20% of increased capital of the company. Managers of offering are - Deutsche Bank, ABN AMRO Rothschild, Credit Suisse and Morgan Stanley. Profit of ENRC in year 2006 totaled $1.26 bn., gain - $3.26 bn. Main shareholders of the growu are businessmen Alexander Mashkevitch, Alidjan Ibragimov and Patokh Shodiyev. Government of Kazakhstan and copper giant Kazakhmys are owing with minority stakes. [2007-11-30]