Company EURASIAN NATURAL RESOURCES CORPORATION PLС (United Kingdom) commented the situation on combination with KAZAKHMYS PLC
14.05.08 12:49
/KASE, May 14, 08/ - Company EURASIAN NATURAL RESOURCES
CORPORATION PLС (London), common shares of which are traded in
Kazakhstan Stock Exchange (KASE) category "A" official list, provided to KASE
the press release of May 13, 2008, where informs on the following:
Quotation start
On 12 March 2008, Eurasian Natural Resources Corporation PLC ('ENRC', or
together with its subsidiaries, 'the Group') announced that it was at the early
stages of evaluating a potential combination of its business with that of
Kazakhmys.
Following a detailed evaluation of the potential combination, the Board of ENRC,
while concluding that the enlarged group would have certain strategic and
financial merits, has decided not to make an offer for Kazakhmys at the current
time.
Given ENRC's scale and diversity the Board continues evaluation of a number of
opportunities to create further value for its shareholders, involving both
investments in the existing businesses as well as mergers and acquisitions. To
this end the Group recently announced a number of financially disciplined
acquisitions, in Russia, Brazil and the People's Republic of China, expanding its
geographical presence in its core commodities.
For further information, please contact:
ENRC
Mounissa Chodieva +44 (0) 20 7389 1879
James S Johnson +44 (0) 20 7389 1862
Marianna Adams +44 (0) 20 7389 1886
M: Communications
Hugh Morrison +44 (0) 20 7153 1534
Edward Orlebar +44 (0) 20 7153 1523
Julia Kalcheva +44 (0) 20 7153 1517
Quotation end
[2008-05-14]