Deals
Russian Gold Billionaire Testing Foreign Waters With Share Offer
- Russia’s biggest gold miner to sell shares in Moscow, London
- Offering of 7%-9% stake values Polyus as high as $9 billion
Gold Production At Polyus Gold International Ltd. Russia's Largest Producer
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Polyus PJSC plans to raise as much as $810 million selling shares in Moscow and London this month in a sign Russian mining tycoons are seeking to return to international stock markets.
The nation’s biggest gold producer, controlled by the family of billionaire Suleiman Kerimov, plans to offer a 7 to 9 percent stake at a price valuing the business as high as $9 billion, according to a company filing.