A Crypto Tycoon, Banking Heir and the Mysterious Fight for Gold
- Gold miner Petropavlovsk is facing a second investor revolt
- Key issue will likely be whether ex-CEO, chairman can return
Photographer: Andrey Rudakov/Bloomberg
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The battle for some of Russia’s richest gold mines has an unusual cast of characters: the scion of one of Europe’s great banking families, a Kazakh tycoon with his own cryptocurrency, hedge fund D.E. Shaw, and mystery shareholders.
They’re all part of a new fight for control over Petropavlovsk Plc, a London-listed miner. For the second time in a year, the company is in the middle of a shareholder coup to throw out the board and revive its fortunes.