Glencore International Plc’s Kazzinc unit is in talks with Polyus Gold International Ltd. to buy the Russian gold producer’s assets in Kazakhstan, Kommersant reported today, citing people it didn’t identify.
The Assaubayev family, which had exclusive rights to buy out Polyus’ Kazakh assets, failed to find the funds by a Dec. 12 deadline, Kommersant said. Polyus is now free to talk about a sale with other potential buyers, the newspaper said.
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