Roman Sklyar May Lead ERG – Financial Times

Roman Sklyar may become the head of the mining giant Eurasian Resources Group (ERG), according to a report by the Financial Times citing internal documents.

According to the publication, the ERG board of directors is meeting this Friday to consider major changes in leadership. The agenda includes the potential appointment of Sklyar as the new head of the holding.

Currently, the company is led by Shukhrat Ibragimov, the son of Alijan Ibragimov, one of ERG’s founders. The Financial Times reports that there are internal disagreements regarding control of the company, as the interests of the shareholders diverge.

Earlier reports indicated that the Mashkevich and Shodiev families plan to sell their stakes to Kazakhstani businessman Shakhmurat Mutalip.

• Deal Value: Estimated at approximately $1.4 billion.

• External Support: Sources suggest that Glencore is ready to support the transaction.

The publication notes that these potential personnel changes and the shift in shareholder structure could significantly strengthen the influence of the Kazakh authorities within ERG.