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ENRC makes offer to minority shareholders in Perm's Rudnaya Mine
Moscow, December 5 2008
Kazakhstan's Eurasian Natural Resources Corporation (ENRC), which controls around 89.12% of the shares in OJSC Saranovsk Mine Rudnaya in the Perm Territory, has sent a buyout offer to the mine's minority shareholders, the Perm-based enterprise said in a statement.
The statement said that the offer comes to 2,436.31 rubles per share.
The statement said that the price of the share acquisition is higher than the quotation price by which ENRC purchased its stake in the enterprise.
Saranovsk Mine Rudnaya produces and processes non-ferrous metals.
ENRC was created in late 2006 as a result of reorganization of Eurasian Industrial Association and now also includes the assets of Kazchrome, Aluminum of Kazakhstan, Kazakhstan Electrolysis Plant, Sokolov-Sarbai Mining and Processing Integrated Works, Zhairem Mining and Processing Integrated Works, Eurasian Energy Corporation, ENRC Logistics and ENRC Marketing & Sales.