Russian miners and Chinese investors are among the parties interested in buying gold and silver producer Polymetal International's Russian assets, CEO Vitaly Nesis told the Financial Times. Polymetal had considered spinning off its Russian business after re-domiciling to Kazakhstan from Jersey, but US sanctions imposed on its Russian assets complicated that process, forcing the group to seek a sale.
MOSCOW - Russian miners and Chinese investors are among the parties interested in buying gold and silver producer Polymetal International's Russian assets, CEOPolymetal had considered spinning off its Russian business after re-domiciling to Kazakhstan from Jersey, but US sanctions imposed on its Russian assets complicated that process, forcing the group to seek a sale.
He told the FT that Russia's competition regulator and other requirements for foreign asset sales in Russia could hinder the process.
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