(Source: Yahoo! Finance)
Shares in miner ENRC have soared by over 25 per cent as three oligarchs and the Kazakh government have confirmed that they are seeking to take the company private. ENRC has now responded to these developments:
The Board of Eurasian Natural Resources Corporation PLC ('ENRC' or, together with its subsidiaries, the 'Group') notes the announcement earlier today from Mr Alexander Machkevitch that he is in the preliminary stages of forming a consortium to assess a potential offer for the Company. The Board confirms that it has not received any proposal which could result in an offer or possible offer for the Group.