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Nova eyes finish line with new Kaz offer

Kaz Minerals’ chairman Oleg Novachuk and non-executive director Vladimir Kim have upped their takeover offer for the copper producer by 22% to 780p – a move analysts in London say should be enough to secure the 75% stake they need to take the company private.

Nova eyes finish line with new Kaz offer Nova eyes finish line with new Kaz offer Nova eyes finish line with new Kaz offer Nova eyes finish line with new Kaz offer Nova eyes finish line with new Kaz offer

Kaz Minerals' Baimskaya copper project in the Russian Far East

Novachuk and Kim's investment consortium Nova Resources posted the new offer on Thursday morning, having launched an initial buyout bid at 640p at the end of October.