Billy Rautenbach cannot tender his shares to Eurasian Natural Resources Corp’s (ENRC) $1-billion takeover bid for Central African Mining and Exploration Co (Camec) until he gets permission from the UK Treasury due to sanctions on Camec’s controversial shareholder. The Zimbabwean businessman paid a $5-million fine to settle a ten-year legal battle in South Africa last month, which allowed him to travel there again, but he is still subject to sanctions in the European Union and USA for his alleged links to Robert Mugabe’s regime in Zimbabwe. Those sanctions will prevent him selling shares worth almost $70 million until the UK Treasury gives the go ahead, MB understands. Any transfer of assets and/or funds within the UK that are owned by anyone under sanction would need to be approved by the Treasury’s asset freezing unit. Anyone listed...