US BlackRock raises stake in Polymetal to 10% from 5%

MOSCOW, Mar 1 (PRIME) -- U.S. investment company BlackRock increased its stake in Russian precious metals producer Polymetal International to 10.08% from 5.07%, as seen by PRIME in materials of the London Stock Exchange on Tuesday.

ICT Group of Alexander Nesis and his partners owns around 24% in Polymetal.

Registered in the Jersey Island, is one of the largest silver and gold producers in Russia.

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