Pursuits
Polyus to Delist From London Next Month as Kerimov Get 98% Stake
- Monority shareholders offered Kermov family to buy almost 59%
- Gold miner will delist from London stock exchange on Dec. 3
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Polyus Gold International Ltd.’s minority investors agreed to sell almost 59 percent of the company to the family of billionaire Suleiman Kerimov, who plans to take Russia’s largest bullion producer private.
The Kerimov family, which already owns about 40 percent of the company, will be able to increase its stake to over 98 percent, according to a regulatory filing by Sacturino Ltd., which is controlled by Suleiman’s son Said. Polyus intends to delist its shares from London on Dec. 3.