Machkevich, Other Controlling Shareholders, Kazakh Government Considering Bid for Eurasian Natural Resources

Bloomberg reported that Eurasian Natural Resources Corp’s  Machkevich may be interested in joining forces with two other shareholders and the Kazakh government to make a bid for the company.

As quoted in the market report:

Machkevitch and fellow controlling shareholders Patokh Chodiev and Alijan Ibragimov own almost 44 percent of the company. ENRC has iron ore, ferroalloy and power-production operations in Kazakhstan, copper and cobalt businesses in Africa, and a Brazilian iron ore project. Today’s announcement followed a 58 percent slump in the past year because of lower commodity prices and corporate governance concerns.

To view the whole Bloomberg report, click here.