• 13/04/2024 09:30

Investment company BlackRock reduced its stake in Polymetal to 4%

The American investment company BlackRock has reduced its stake in gold miner Polymetal from 7.44% to 4.01%, according to a notice published on the Polymetal website on March 12. According to the text of the notice, the shares were sold on the market on March 4 at a price of $3.8 per security.

Investment company BlackRock reduced its stake in Polymetal to 4%

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What is known

BlackRock was the second largest shareholder of Polymetal: the investment company owned the largest share of shares in free float, it is said in the company's message dated March 11.

The largest shareholder of the gold miner is a consortium of Omani investors led by the Omani government-owned fund Mercury Investments International (23.9%).

At the end of January it became known , that the structure of the Mercury Investments International fund received this share from the ICT group of Alexander Nesis (61st place in the Forbes ranking, net worth $2.1 billion) and partners, the transaction amount was not disclosed.

Read: Polymetal International is selling Russian assets for $3.7 billion

The conclusion of an agreement on the transaction became known in February of this year. JSC Polymetal was valued at $3.69 billion, including $2.21 billion of net debt, Polymetal reported.


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