Deals
Polyus Gold International Increases Stake in Russian Unit
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Polyus Gold International Ltd. said it gained an additional 2.35 percent stake in its Russian unit after completing the second stage of a share-exchange offer.
Jenington International Inc., a unit of the Jersey-registered company, accepted 1.05 percent of OAO Polyus Gold stock by the Aug. 15 deadline, Polyus Gold International said in a statement today. Jenington also agreed to acquire an additional 4.9 million Polyus Gold ADSs, or a stake of about 1.3 percent, outside of the private exchange offer, it said.