Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Polymetal International plc is an Anglo-Russian precious mining company registered in Saint Helier, Jersey. It is listed on the London Stock Exchange and Moscow Exchange.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed
Revenue(RF), mln.USD
1865
Glob.Revenue, mln.USD
2801
Capital(RF), mln.USD
1329
Assets(RF), mln.USD
3455

The largest silver producer decided to leave Russia and redirect money to Kazakhstan. Polymetal plans to sell Russian assets under sanctions in 6-9 months - CEO. Gold and silver producer Polymetal International plans to sell all of its Russian assets rather than split them up, and will hire an adviser for the deal soon. Maaden International Investment LLC (a subsidiary of Oman's state fund Mercury Investments International LLC) bought 23.9% of the share capital of the Russian Polymetal from Powerboom Investments Limited (a subsidiary of the ICT Holding group). This was reported by the Polymetal press service. Gold miner Polymetal sells Russian unit in $3.7 billion deal.

The Company Statement
February 19, 2024

Polymetal plans to sell russian assets to avert sanctions risk. The company confirmed it is considering moving its parent company’s domicile and primary listing, currently in Jersey and London respectively, to “Russia-friendly” Kazakhstan. "In light of recent developments, and in the interests of preserving shareholder value, the board and the special committee have decided to consider all possible options available for divestment of JSC Polymetal and its subsidiaries," Polymetal International said in a statement. Precious metals producer Polymetal International has agreed to sell its Russian assets to a Siberian gold miner for about $3.7 billion.

March 12, 2024Polymetal approved the deal to sell Russian assets for $3.69 billion
February 19, 2024Mangazeya company buys Russian assets of Polymetal
February 19, 2024Polymetal to Drop Out of Top 10 Gold Miners on Russia Sale
February 18, 2024Polymetal secures $3.7bn deal to exit from Russian business
January 31, 2024Polymetal CEO says new shareholder will expedite Russian asset sale
January 29, 2024A subsidiary of the State Fund of Oman bought a 23.9% stake in Polymetal from the ICT group
November 23, 2023"Polymetal" shares fell by 15% on the news of the exchange of securities
October 02, 2023Leroy Merlin topped the ranking of the largest foreign companies according to Forbes
September 25, 2023Polymetal CEO: new tax proposals to hit price of Russian assets sale
September 25, 2023Polymetal CEO says new tax proposals to weigh on price of Russian asset sale
September 21, 2023Polymetal to sell Russian business in one piece -CEO
August 10, 2023Polymetal plans to sell Russian assets under sanctions in 6-9 months - CEO
August 09, 2023The largest silver producer decided to leave Russia and redirect money to Kazakhstan
August 09, 2023Polymetal plans to sell Russian assets
June 06, 2023Update on the Company's Russian-registered subsidiary, JSC Polymetal
January 25, 2023Polymetal shares plummet 30 per cent as miner weighs up London exit to ‘Russian-friendly’ Kazakhstan
July 19, 2022Polymetal Plans to Sell Russian Assets to Avert Sanctions Risk
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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