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RDIF to acquire PJSC Polyus stake

The Russian Direct Investment Fund (RDIF) is to acquire a minority stake in Russian gold producer PJSC Polyus.

 
The purchase will be carried out alongside an investment by Chinese investment company Fosun Group, which is acquiring of 10 per cent stake in the company.
 
The price per share payable by RDIF at completion is equal to price per share for Fosun transaction.
 
Following completion of the RDIF transaction, RDIF will own 354,095 of the ordinary shares in Polyus. The completion of the RDIF transaction is subject to certain conditions, including the completion of the Fosun transaction.
 
Kirill Dmitriev, CEO of the RDIF, says: “Polyus is one of the world’s most efficient gold companies with a strong growth profile. As such, it represents an attractive investment opportunity as a highly competitive Russian company. We believe that RDIF and Fosun Group investments will support Polyus’ development and contribute to attracting new foreign investors as part of the company’s potential share offering.”

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