Vysochaishiy (GV Gold) has completed the deal on advance purchase of 5.26% of its shares from the European Bank for Reconstruction and Development.
The shares were transferred to Sakha GoldMining.
The final payment was $39 million. The total cost of the shares was $62 million.
According to the agreement signed in December 2015, EBRD was to cease being the company shareholder on August 31, 2018.
As of November 2, the main shareholders of the company are the three board members Sergey Dokuchaev, Natalia Opaleva and Valerian Tikhonov with the combined stack of 20.36%. BlackRock owns 17.99%, BrishurtLtd – 6.37%, Sakha GoldMining – 5.26%, Fayweld – 2.95% and minor shareholders – 6.35%. (Ukrainian metal)