ENCR floated shares to the sum of 1.364 bn. pounds in London

/INTERFAX-KAZAKHSTAN, Almaty (Alma-Aty), 07.12.07/ - Eurasian Natural Resources Corporation PLC (ENRC) floated 20 % of shares at the price of 540 pence per security within IPO on London stock exchange. "ENCR informs of successful accomplishment of the initial public offering (IPO) of shares to the sum of 1.364 bn. pounds at the price of 540 pence per share", - is said in the message of ENCR, spread on Friday. According to the message, ENCR has offered 252.5 m. of new shares or 20% of the company's capital. Thus, is pointed in the message, market capitalization of the company totals 6.8 bn. pounds. Moreover, ENCR has provided the global coordinator of the offering (Deutsche Bank) with over-allotment option for the additional 25.3m. shares to the sum of up to 136.4 m. pounds that can be used till January 10 of 2008. As it was announced, unconditional deals will start conducting on December 12 on LSE. The main organizer of the IPO is Deutsche Bank; the co-organizers are ABN Amro Rothschild, Credit Suisse and Morgan Stanley. 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. [2007-12-07]