Vladimir Kim vehicle bids $2.47 bln to take KAZ Minerals private

Copper miner KAZ Minerals is set to be taken into private ownership after its largest shareholders, including Vladimir Kim, offered $2.47 billion to buy out the rest of the company’s stakeholders.

The bid of 640 pence (£6.40, $8.34) per share is being led by the company’s chairman, Oleg Novachuk, and Kim, Kazakhstan’s richest man. Kim was a non-executive director and chairman of the company when it listed on the London Stock Exchange as Kazakhmys in 2005.
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Published

Archie Hunter

October 28, 2020

19:35 GMT

London