Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
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 or liquidated local entity(ies)
Exited Exit CompletedThe 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.
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.