Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Glencore Considers 12 Billion Pound Bid for ENRC, Times Reports

June 12 (Bloomberg) -- Glencore International Plc may make a 12 billion-pound ($19.5-billion) bid for Kazakh metals producer Eurasian Natural Resources Corp., the Sunday Times reported.

Glencore doesn’t comment on speculation, Simon Buerk, a company spokesman based in Baar, Switzerland, said by telephone today when asked about the Times report. ENRC declined to comment.

Ivan Glasenberg, Glencore’s chief executive officer, has held talks in recent weeks with three investors who control about 45 percent of ENRC’s shares, the newspaper said, citing an unidentified person with knowledge of the discussions.

Glasenberg has also held talks about a possible deal with the government of Kazakhstan, which holds 12 percent of ENRC, the Sunday Times said, citing a separate unidentified official. Glencore hasn't made a formal bid, the Times reported.

To contact the reporter on this story: Lananh Nguyen in London at Lnguyen35@bloomberg.net.

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.