Polymetal International Files to Register Mandatory Offer Price

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.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net

To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net