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April 19, 2013, 10:28 a.m. EDT

ENRC soars 27% on bid chatter

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    KAZ Minerals PLC (KAZ)

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By Sara Sjolin

UK:KAZ

LONDON (MarketWatch) -- Eurasian Natural Resources Corp. soared 27% on Friday, after one of the miner's founding shareholders Alexander Machkevitch said he is considering making a bid for the company. In a statement, Machkevitch said he is reviewing the possibility of forming a consortium with Alijan Ibragimov, Patokh Chodiev and the Kazakh government to make an offer for the miner. Shares of Kazakhmys PLC /zigman2/quotes/208098927/delayed UK:KAZ +0.19% , which owns a 26% stake in ENRC, rallied 24%.

/zigman2/quotes/208098927/delayed
UK : U.K.: London
639.20 p
+1.20 +0.19%
Volume: 206,849
Nov. 27, 2020 11:52a
P/E Ratio
7.33
Dividend Yield
1.41%
Market Cap
£2.97 billion
Rev. per Employee
N/A
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