LONDON, Aug 7 (Reuters) - The founders behind Kazakh minerENRC, bidding to buy out minority investors, said in anoffer document published on Wednesday that they could sell someof the group's international assets after a "thorough strategicreview".
Eurasian Resources, a group of bidders which includes ENRC'strio of billionaire founders and the Kazakh government, saidtheir management focus - should the cash-and-shares offersucceed - would be on the original Kazakh core of the business.
The strategic review, they said in a document sent toshareholders, "may lead to a reduction in capital allocated tosuch assets and the identification of potential businessdisposal opportunities".
Since its 2007 London listing, ENRC has spent more than $6billion expanding beyond its Kazakh core ferrochrome and ironore operations into places such as Brazil and the DemocraticRepublic of Congo. More than $5 billion of that was spent onassets in development that have generated little cash so far.
The bidding group plans to take ENRC private, ending almostsix turbulent years on the London market. They are widelyexpected to be successful, after shareholders at rival Kazakhmys, ENRC's top shareholder, backed the offer last week.