Heirs to Central Asian Mining Empire Fall Out Over Asset Sale

The three families behind Eurasian Resources Group have fallen out over the potential sale of their financial services assets, as a younger generation takes the reins of the Central Asian mining empire.

Shukhrat Ibragimov, who was named chief executive officer of miner ERG last year, has started legal action in an Almaty court to stymie the attempt by the other two families to sell Eurasian Financial Co., people familiar with the matter said, asking not to be named as the issue is private.

The families received an offer for the business, which includes Eurasian Bank and Eurasia Insurance ...