Bidco Nova Resources moves to take Kaz Minerals private

(Reuters) - The consortium bidding to take KAZ Minerals private said on Monday its bid for the copper miner had been declared unconditional after winning more than 90% of support.

Nova Resources, led by KAZ Minerals Chairman Oleg Novachuk and Kazakh billionaire Vladimir Kim, at the end of March had offered shareholders 850 pence ($1.18) in cash per share for the 60% they do not already own, after minority investors rejected two previous offers for being too low.

($1 = 0.7191 pounds)

(Reporting by Clara Denina; Editing by Edmund Blair)