Group led by China's Fosun to buy into Russian gold producer Polyus -RIA (updated)
13/04/2017 13:52
(Adds details, context)
MOSCOW, April 13 (Reuters) - A consortium led by China's
Fosun International Ltd 0656.HK plans to buy between 20 and 25
percent in Russia's top gold producer Polyus PLZL.MM for up to
$2 billion, RIA news agency reported, citing documents of a
Russian-Chinese intergovernmental commission.
Sources with knowledge of the matter told Reuters in
November that Fosun was in exclusive talks to buy a large
minority stake in Polyus. urn:newsml:reuters.com:*:nL4N1D41CN
The sides have reached consensus on the parameters of a
deal, RIA reported on Thursday, citing the documents.
Polyus declined to comment.
According to the documents, the Chinese side will have the
right to sell a portion of Polyus's gold production in line with
the size of the stake which the consortium buys, RIA said.
(Reporting by Polina Devitt; editing by Vladimir Soldatkin and
Jason Neely)
((Polina.Devitt@thomsonreuters.com; +7 495 775 12 42; Reuters
Messaging: polina.devitt.reuters.com@reuters.net))
Keywords: POLYUS M&A/FOSUN INTL