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BRIEF-KMG EP launches offer to repurchase all outstanding GDRs
December 8, 2017 / 7:31 AM / 4 days ago

BRIEF-KMG EP launches offer to repurchase all outstanding GDRs

Dec 8 (Reuters) - KazMunaiGas Exploration Production (KMG EP) :

* Says ‍board has unanimously approved launch of a conditional tender offer to repurchase all of its outstanding global depository recepts (GDR) at a price of $14.00 per GDR.

* JP Morgan is advising KMG EP, Rotschild and HSBC are advising independent non-executive directors.

* Offer values company at about $5.6 billion. Further company coverage: (Reporting by Olzhas Auyezov)

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