Deals
KazakhGold’s London Shares Jump on $509 Million Acquisition
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KazakhGold Group Ltd. jumped in London trading after saying Kazakhstan’s Assaubayev family will buy its operating units in Kazakhstan, Romania and Kyrgyzstan for $509 million, resolving a dispute that’s prevented a merger with parent OAO Polyus Gold.
The stock gained 6.4 percent to $2.5 by 12 p.m. in London, erasing a 6 percent loss on April 8.