Pursuits
Billionaire Prokhorov Said to Agree on Polyus Stake Sale
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Billionaire Mikhail Prokhorov’s Onexim Holdings Ltd. agreed to sell his stake in Polyus Gold International Ltd. to investors as he diversifies away from commodities, said three people with knowledge of the plan.
Onexim and a group of investors selected by billionaire Suleiman Kerimov’s Nafta Moskva sought approval from the U.K. Takeover Panel for the deal, the people said, asking not to be identified as the information is private. They didn’t name the buyers of the 37.8 percent stake in the London-traded producer.