Copper miner KAZ will go private after shareholders accept Kim's increased offer

KAZ Minerals will be taken private after acquirer Nova Resources received enough shareholder votes to accept its $5.6 billion offer for the company.

As of 1pm on April 9, Nova Resources - a vehicle backed by KAZ Minerals chief executive officer Oleg Novachuk and Kazakhstan’s richest man, Vladimir Kim -owned or had had offer acceptances for shares representing 89.17% of the company at 850 pence ($11.67) per share, enough...

Published

Archie Hunter

April 09, 2021

16:59 GMT

London