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)