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China's Fosun buys 10 pct stake in Russia's Polyus for $887 mln
May 31, 2017 / 1:43 PM / 4 months ago

China's Fosun buys 10 pct stake in Russia's Polyus for $887 mln

MOSCOW, May 31 (Reuters) - A consortium of investors led by China’s Fosun International Ltd has entered into an agreement to buy a 10 percent stake in Russia’s top gold producer Polyus from the family of Russian tycoon Suleiman Kerimov for $887 million.

Polyus Gold International Limited (PGIL), the principal shareholder of Polyus owned by the family, said in a statement on Wednesday that it would sell 12,561,868 of Polyus’ shares to a Fosun-led consortium for $70.6025 per share. (Reporting by Polina Devitt; Editing by Alexander Winning)

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