PRESS: UMMC, Strukov can buy Petropavlovsk's assets

MOSCOW, Jul 14 (PRIME) -- Ural Metals and Mining Company (UMMC) and its key shareholder Konstantin Strukov filed bids to buy assets of gold producer Petropavlovsk, business daily Kommersant reported on Thursday citing industry sources.

Representatives for Petropavlovsk and Strukov declined to comment.

On Tuesday, Petropavlovsk initiated the procedure of insolvency and filed to the U.K. Financial Conduct Authority (FCA) for delisting from the London Stock Exchange (LSE).

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