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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  KAZ Minerals PLC    KAZ   GB00B0HZPV38

KAZ MINERALS PLC

(KAZ)
  Report
Delayed Quote. Delayed London Stock Exchange - 11/27 11:35:18 am
639.8 GBX   +0.28%
11/27KAZ MINERALS : Rule 2.9 Announcement
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11/26KAZ MINERALS : Rule 2.9 Announcement
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11/24KAZ MINERALS : Samson Rock Capital LLP - Form 8.3 - Kaz Minerals Plc
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KAZ Minerals : Miner Kaz agrees to 3 billion pound buyout deal from chairman-led group

10/28/2020 | 03:22am EST

(Reuters) - Kaz Minerals said on Wednesday it has agreed to be acquired by a consortium led by its chairman, Oleg Novachuk, in an all-cash deal that values the London-listed miner at 3 billion pounds.

Nova Resources, a company owned by Novachuk and Kaz director Vladimir Kim, will pay 640 pence per Kaz share, the miner said.

Kaz shares scaled their highest in one and a half years in early trade. They were up 10% at 629 pence by 0811 GMT.

Novachuk and Kim already own stakes of 7.8% and 31.6% in Kaz, respectively, according to Refinitiv data.

The consortium believes Kaz's long term interests are best served as a private company, the miner said.

Kaz Minerals, the largest copper producer in Kazakhstan, said an independent committee considered the terms of the deal to be "fair and reasonable".

Like miners across the globe, Kaz earlier this year cut its 2020 capital spend and warned of production delays as it dealt with disruptions due to the coronavirus crisis.

(Reporting by Muvija M in Bengaluru; Editing by Aditya Soni)


© Reuters 2020
All news about KAZ MINERALS PLC
11/27KAZ MINERALS : Rule 2.9 Announcement
PU
11/26KAZ MINERALS : Rule 2.9 Announcement
PU
11/24KAZ MINERALS : Samson Rock Capital LLP - Form 8.3 - Kaz Minerals Plc
PR
11/19KAZ MINERALS : Adjournment of Court Hearing
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11/19KAZ MINERALS : says risks around Baimskaya copper project in Russia up due to ne..
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11/18DIMENSIONAL FUND ADVISORS LTD. : Form 8.3 - KAZ MINERALS PLC - Ordinary Shares
AQ
11/18KAZ MINERALS : Baimskaya project update
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11/17KAZ MINERALS : Samson Rock Capital LLP - Form 8.3 - Kaz Minerals Plc
PR
11/16KAZ MINERALS : Samson Rock Capital LLP - Form 8.3 - Kaz Minerals Plc
PR
11/13KAZ MINERALS : Samson Rock Capital LLP - Form 8.3 - Kaz Minerals Plc
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More news
Financials (USD)
Sales 2020 2 137 M - -
Net income 2020 498 M - -
Net Debt 2020 2 818 M - -
P/E ratio 2020 8,20x
Yield 2020 1,01%
Capitalization 4 025 M 4 029 M -
EV / Sales 2020 3,20x
EV / Sales 2021 2,98x
Nbr of Employees 16 000
Free-Float 64,4%
Chart KAZ MINERALS PLC
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Technical analysis trends KAZ MINERALS PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 8,26 $
Last Close Price 8,52 $
Spread / Highest target 15,1%
Spread / Average Target -3,05%
Spread / Lowest Target -21,8%
EPS Revisions
Managers
NameTitle
Andrew Southam Chief Executive Officer & Director
Vladimir Sergeivich Kim President & Non-Executive Director
Oleg Novachuk Chairman
Mark Anderson Chief Operating Officer
John Paul Simeon Hadfield Chief Financial Officer