Investors from China and Qatar are considering filing a bid to buy a 25% stake in Russia’s largest gold producer Polyus from Polyus Gold International Ltd (PGIL), which owns 61.37% in the company.
The parties have not yet reached any agreement on the matter. The stake is estimated at about $3.3 billion.
Earlier PGIL was in talks to sell 25% plus one share in Polyus to China’s Fosun Group for $2 billion. (Prime/Ukrainian metal)