Tycoon Vekselberg’s firms sell 22.3% stake in Petropavlovsk Plc - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Tycoon Vekselberg’s firms sell 22.3% stake in Petropavlovsk Plc

MOSCOW, Dec 27 (PRIME) -- Companies controlled by tycoon Viktor Vekselberg have sold a combined stake of 22.3% in U.K.-registered Petropavlovsk Plc, which mines gold in Russia, as seen by PRIME on Wednesday in materials of Petropavlovsk.

Bahamas-based Renova Assets sold its entire 14.7496% in the gold mining company, while Metkombank, controlled by Vekselberg, sold its stake of 4.4211%, and Lamesa group, a subsidiary of Vekselberg’s multi-industry holding Renova Group, sold its 3.1654% in Petropavlovsk.

Andrei Shtorkh, a member of Renova’s management board, confirmed that the company is no longer a shareholder of Petropavlovsk, but refused to elaborate.

Materials of Petropavlovsk also showed that Cyprus-registered Fincraft Holdings Ltd acquired a 22.42% stake in the company, and convertible bonds of the company that account for a 6.83% stake in Petropavlovsk and mature on March 2020. Previously, Petropavlovsk said that Lamesa Holding owned a 6.8774% stake in the company through the convertible bonds.

End

27.12.2017 19:27
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 75.6532 +0.2498 21 apr
USD 61.3222 +0.4639 21 apr
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1145.80 -0.68 18:50 20 apr
micex 2232.66 +0.09 18:50 20 apr
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 144.40 +0.70 18:49 20 apr
lkoh 3985.00 -0.75 18:49 20 apr
rosn 338.95 +0.49 18:48 20 apr
sber 215.36 +0.89 18:49 20 apr
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 75.7050 +0.2850 14:59 20 apr
USDTD 60.8700 -0.5200 17:44 20 apr