Vladimir Kim and Oleg Novachuk, director and chairman of the board of Kaz Minerals respectively, as well as its largest shareholders, have announced their intention to buy 60.61% of shares at the London Stock Exchange and return the company to private ownership.
The shares will be bought via their Nova Resources company at GBP 6.4 pet share.
The total cost of the shares is GBP 3 billion ($3.91 billion). The deal will be financed by the Russian VTB. (Ukrainian metal)