Miner KazakhGold seeks 100 mln stg in London float
31.10.05 17:39
/REUTERS, London, October 31, 05/ - KazakhGold is aiming to raise about
100 million pounds ($178 million) by floating around a quarter of the
company, a source close to the situation said on Monday, as the firm said it
was seeking a London listing.
KazakhGold, the parent company of Kazakh-based gold miner Kazkhaltyn,
said on Monday it intended to launch a public offering of global depository
receipts on the London Stock Exchange.
The source told Reuters the company expected to float in late November
after a month-long roadshow.
($1=0.5608 pound sterling)
[2005-10-31]