MOSCOW Oct 14 Russia's largest gold producer
Polyus has chosen Credit Suisse, Goldman Sachs, JP
Morgan, Sberbank CIB and VTB Capital as bookrunners for a
secondary share placement, three financial market sources told
Polyus, controlled by the family of Russian tycoon Suleiman
Kerimov, is preparing for the placement of 5 percent of its
shares in Moscow as it needs to raise its free float to at least
10 percent to meet a requirement of the Moscow Exchange.
Polyus is planning a public placement with either existing
or new shares, its Chief Executive Pavel Grachev told Reuters
last month. The sources did not provide details on
the placement and did not specify whether more banks can join.
The placement is seen happening in 2017, the sources said.
Polyus did not provide an immediate comment when contacted by
Reuters on Friday.
(Reporting by Olga Popova, Oksana Kobzeva and Svetlana
Burmistrova; writing by Katya Golubkova; Editing by Christian