Kerimov Sells 68% Polymetal Stake

June 2008 | M&A News Alert

Russian billionaire Suleiman Kerimov, majority shareholder in Polymetal, has sold a 68% stake in the miner to three businessmen. Polymetal is Russia's largest silver miner and third-largest gold miner. The miner, listed in both London and Moscow since February 2007, has a market capitalisation of US$2.7bn. The value of the deal has not been disclosed.

If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Corporate Financing Week please click on the trial link below.