ERG: No Talks Underway Regarding Sale of Company
Photo: ERG
Shukhrat Ibragimov, Chair of the Board and CEO of ERG, has stated that no negotiations are taking place regarding the sale of the company, according to Eurasian Resources Group in Kazakhstan, Orda.kz reports, citing the company's Telegram channel.
The company confirms the full commitment of the group’s leadership to the continued, consistent, and sustainable development of the business. There are no changes to the usual way of doing business. At the end of 2024, ERG's Board of Directors approved a new strategy focused on further development and investment in the company’s enterprises, and ERG is currently working on its implementation. The group remains firmly focused on long-term growth and creating value for all stakeholders, the company said in a statement.
American investor James Cameron has reportedly offered to buy ERG’s business for $5 billion, according to Reuters, citing its own source.
Latest news
- Lawyers Sound Alarm Over Journalists’ Health in Prison: Mukhammedkarim and Tleuzhan Denied Treatment
- Russian Foreign Ministry Spokesperson Calls Gyumri Mayor’s Arrest Armenia’s Internal Affair
- National Bank: EU Sanctions Against VTB Will Not Affect Financial Stability
- Armenian and Azerbaijani Civil Society Representatives Hold First Joint Meeting in Yerevan
- Airport Incident Involving Aqtau Prosecutor: New Details Emerge
- How Trump’s New Sanctions Against Russia Could Affect Kazakhstan
- Kazakhstan to Build Fourth Oil Refinery in 15 Years — Authorities Reveal Possible Location
- EU Adopts 19th Sanctions Package
- Kazakhstan to Bolster Airspace Monitoring After Incident with Object Resembling Drone in West Kazakhstan
- Senate Returns AI Legislation to Majilis with 13 Amendments
- Kazakhstan: Senators Call for Tougher Penalties for Deepfake Abuse
- Regulator Approves Shukhrat Ibragimov as Eurasian Bank Chair
- Debris Resembling Drone Found in West Kazakhstan Region
- Freedom of Speech and Legal Pressure in Kazakhstan: Voices Heard at OSCE Conference
- India Reportedly Reviewing Russian Oil Contracts After U.S. Sanctions on Rosneft and Lukoil
- Kilometers-Long Truck Queues Formed on the Kazakh–Uzbek Border
- How Drone Attacks on Russian Gas Plants Could Affect Kazakhstan
- Former Presidential Residence: Opening of Almaty’s New Park Delayed
- Kazakhstan's Robert Kun to Helm Jackie Chan’s New Film “Armor of God: Ultimatum”
- Trump Cancels Planned Putin Meeting
