Alexander Machkevitch

Alexander Machkevitch News

• ENRC Falls After Rejecting Bid From Founders, Kazakh Government

  Eurasian Natural Resources Corp., the metals producer being probed by the U.K.’s Serious Fraud Office, slid to a one-month low in London trading after rejecting an offer to take the company private.

• ENRC Founders Said to Detail Offer Below 300 Pence in Bid Letter

  Eurasian Natural Resources Corp.’s three founding shareholders sent a letter with details of a planned bid for the company at a price of less than 300 pence a share to its independent committee of directors, according to people familiar with the matter.

• ENRC First-Quarter Ferroalloy Output Falls 2.9% on Maintenance

  Eurasian Natural Resources Corp., the ferroalloys producer that’s lost 40 percent of its value in a year, said first-quarter output declined 2.9 percent because of maintenance at its Aksu plant.

• ENRC Brokers Deutsche Bank, Morgan Stanley Said to Have Resigned

  Eurasian Natural Resources Corp.’s two corporate brokers have quit as advisers to the ferroalloys producer that’s facing an investigation by the U.K. Serious Fraud Office over corruption allegations, according to three people familiar with the matter.

• Kerimov Builds ENRC Stake as Founding Shareholders Consider Bid

  Russian billionaire Suleiman Kerimov, is building a stake in Eurasian Natural Resources Corp., which faces a possible bid by its three founding shareholders and the Kazakh government.

• ENRC Co-Founder Machkevich May Form Group to Bid for Miner

  Eurasian Natural Resources Corp. shareholder Alexander Machkevitch said he is considering joining his two fellow founders and the Kazakh government to make an offer for the mining company.

• European Stocks Post Biggest Weekly Loss in Five Months

  European stocks posted the biggest weekly loss in five months as economic data from the U.S. to China and Germany missed estimates, prompting a selloff in the shares of commodity producers.

• ENRC Slides as More Mining Executives Said to Quit: London Mover

  Eurasian Natural Resources Corp., an iron ore and ferrochrome producer in Kazakhstan, slumped in London trading after three executives were said to have quit and another take a leave of absence amid a possible buyout bid.

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  European Stocks Climb as ENRC Surges; L’Oreal Advances

  European stocks advanced, paring their biggest weekly decline since November, as the region’s commodity producers rebounded from a 3 1/2-year low.

• ENRC Chairman Dalman Quits Amid Possible Shareholder Buyout Bid

  Eurasian Natural Resources Corp. Chairman Mehmet Dalman resigned from his post amid a possible buyout bid for the mining company by founding shareholders and the Kazakh government.

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