News Headline Summary

ENRC (ENRC LN) chairman Mehmet Dalman says deal to buyout Israeli billionaire out of Congo unit has full support of the board

- CEO says not worried about breaking covenants due to Camrose deal.

Reaction details (09:46)

- Co. shares unreactive, down 2.40% at GBP 2.76 last.

Analysis details (09:46)

- Eurasian Natural Resources Company has spent USD 550mln buying itself out of a Congo copper-mining partnership with the controversial Israeli billionaire Dan Gertler.
- The Congo operation has been highly controversial, with some critics claiming Gertler used his close relationship with the government to secure preferential treatment, and the Serious Fraud Office has been called on to investigate

10 Dec 2012 - 09:42 - - Source: Newswires

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