Breaking News

Glaxo to Pay $488.7 Million Fine to End China Corruption Probe
Tweet TWEET

Kazzinc, Verny to Buy Kazakh Gold Producer for 30 Billion Tenge

Verny Capital, a Kazakh investment management group part-owned by billionaire Bulat Utemuratov, and Kazzinc are spending about 30 billion tenge ($199 million) to buy a Kazakh gold producer.

Kazzinc acquired 89.5 percent of TOO Orion Minerals from Cammex, with Verny Capital obtaining the rest of the company, the Astana-based investment vehicle said in a statement distributed today in the Kazakh capital, Astana.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.