Arab funds take part in SPO of Russia’s major gold mining company

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Arab funds take part in SPO of Russia’s major gold mining company
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The International Investor Consortium, formed by the Russian Direct Investment Fund (RDIF) and leading sovereign funds from the Middle East, took part in SPO of Russia’s largest gold mining company Polyus, Rambler News reports on Friday.




Investors from countries, including the United Arab Emirates, Qatar, Kuwait and Bahrain, participated in the second public offering of Polyus.

Russia's largest gold mining company Polyus owned by Said Karimov closed the order book at 16:00 GMT on the 29th of June, having sold 9% stake at a price of $66,5 per share (the lower limit of the range), plus a greenshoe option, reported Bloomberg, citing its sources. The company has raised more than $800 million.



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