Finance / Russia
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Kerimov Sells 68% Polymetal Stake
June 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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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.