Report: Chinese firms may buy 5% in Russia’s Polyus for $2 bln

MOSCOW, Nov 24 (PRIME) -- China’s Zhaojin Mining Industry and Zijin Mining Group are taking part in talks to buy up to 25% in Russia’s largest gold producer Polyus for U.S. $2 billion, Bloomberg reported on Thursday citing sources familiar with the situation.

Zhaojin is considering buying the stake jointly with China’s Fosun, the agency said.

A Qatari investor is also interested in buying into Polyus, sources said.

According to Bloomberg, Suleiman Kerimov, the majority shareholder of Polyus, is not holding any exclusive talks with any of the potential buyers.

Polyus’ market value currently stands at around U.S. $13 billion.

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