Markets report: Kaz exit could see rival miner move in

Copper miner Kaz Minerals’ shares jumped after it recommended a $2.4bn deal masterminded by its chairman and top shareholder, which would take the group private after its expansion plans drew the ire of investors. Under the deal, Nova Resources BV, a vehicle controlled by Vladimir Kim and Oleg Novachuk, would purchase the 60.6pc of the Kazakh-focused group it doesn’t already own at 640p per share. The offer at 640p per share represents a 12pc premium to Kaz’s closing price on T