Deals
Chinese Gold Miners Said to Compete for $2 Billion Polyus Stake
- Billionaire Kerimov’s family may sell up to 25% of Polyus
- Other suitors include China’s Fosun, Qatari investor
This article is for subscribers only.
Chinese metal producers Zhaojin Mining Industry Co. and Zijin Mining Group Co. are among parties in talks to buy a stake in Polyus PJSC, Russia’s largest gold miner, people with knowledge of the matter said.
Zhaojin is considering teaming with Chinese conglomerate Fosun International Ltd. for a joint bid, according to the people, who asked not to be identified as the information is private. They are weighing offers for as much as a 25 percent stake in Polyus being sold by billionaire Suleiman Kerimov’s family, the people said. The holding could fetch at least $2 billion, they said.