Support The Moscow Times!

Polyus Assures Shareholders

The board of directors of Polyus Gold pledged to take the interests of all shareholders into account if a buyout offer were made for minority stakes, Interfax reported.

"Should any party or parties acting in concert acquire more than 30 percent of the voting rights in [the gold producer] or any party holding an interest of between 30 percent and 50 percent acquire additional voting rights, it may then be required to make an offer for the whole of [the company's] issued ordinary share capital," the company said.

"[The board] will take appropriate steps in order to ensure that [Polyus Gold] is appropriately prepared and that the interests of all shareholders are represented should this situation progress," the company said.

Mikhail Prokhorov's Onexim Group said Wednesday that it was in talks with two potential buyers to sell its nearly $4 billion stake in Polyus Gold.


Related articles:

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more