LONDON (Reuters) – Commodities trader Glencore (GLEN.L) (0805.HK) is considering making a 12 billion pound ($19.5 billion) takeover bid for ENRC (ENRC.L), the Kazakh miner hit by a bitter boardroom battle, the Sunday Times reported.
Quoting a source with knowledge of the discussions, the newspaper said Glencore Chief Executive Ivan Glasenberg had held talks in recent weeks with ENRC's three founders and key shareholders Alexander Mashkevitch, Patokh Chodiev and Alijan Ibragimov. The trio control some 45 percent of ENRC's shares.
via news.yahoo.com
