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Polymetal shareholders approve sale of Russian assets

Reuters | March 7, 2024 | 6:53 am Top Companies Russia and Central Asia Gold 
Polymetal shares down as gold miner scraps final dividend
Image: Polymetal

Shareholders of precious metals producer Polymetal International approved the sale of its Russian assets to a Siberian gold miner, the company said on Thursday.

The deal involves Polymetal International selling its Russian business to Mangazeya Plus – part of businessman Sergey Yanchukov’s Mangazeya Mining – for around $3.7 billion, of which $2.2 billion is the Russian operation’s net debt.

(Editing by Alex Richardson)

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