Polymetal International Plc has asked the Russian financial markets regulator to approve the price of its mandatory offer to minority shareholders in its St. Petersburg-based unit.
The application was submitted yesterday, the Russian gold and silver mining company said today in a regulatory filing.
Polymetal International has to make the mandatory offer to the remaining shareholders of OAO Polymetal within a month after acquiring about 83 percent of the Russian entity through share swaps in October. The price will be disclosed after the regulator’s approval.
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