Report: Chinese, Qatari investors may buy 25% in Russia’s Polyus

MOSCOW, Nov 9 (PRIME) -- Investors from China and Qatar are considering filing a bid to buy a 25% stake in Russia’s largest gold producer Polyus from Polyus Gold International Ltd (PGIL), which owns 61.37% in the company, Bloomberg reported on Wednesday citing sources familiar with the matter.

The parties have not yet reached any agreement on the matter. The stake is estimated at about U.S. $3.3 billion, Bloomberg reported.

Polyus declined to comment.

On November 3, Kommersant business daily reported that PGIL was in talks to sell 25% plus one share in Polyus to China’s Fosun Group for U.S. $2 billion.

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