ENRC confirms that rejected bid included Kazakhmys shares

The bid rejected by miner ENRC included Kazakhmys shares, it confirmed today after The Sunday Times reported the information yesterday (release). The rejected bid price was 260 pence per share, 175 pence in cash and 0.23 of a share in Kazakhmys.

The proposal was made by a consortium consisting of:

Mr Chodiev, Mr Ibragimov, Mr Machkevitch and the Committee of the State Property and Privatisation of the Ministry of Finance of the Republic of Kazakhstan (acting on behalf of the Government of the Republic of Kazakhstan) and JSC Sovereign Wealth Fund "Samruk-Kazyna".