Polymetal Drops Most Since 2014 as Shareholders Cut Stakes

Updated on
  • PPF Group and Juri Smejc sold 6% stake for 975 pence a share
  • Sale was at 7.9% discount to Thursday’s closing price

Polymetal International Plc dropped the most in 2 1/2 years after two major investors sold a combined stake of about 6 percent in the Russian gold producer.

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