Kazakhstan - 03

Kazakhstan: KMG EP Buyback Plans: Criticism Continues

As Horizon reported at the end of June (please see our 30 June Latest Analysis), there is an open standoff between KMG and KMG EP’s independent Western directors, who seek to prevent the former’s attempt to significantly change the relationship between the two companies. These directors have called KMG’s suggestions detrimental to KMG EP’s long-term efficiency and labeled the offered buyback price for minority shareholders unfair.

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