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Polyus Gold International Increases Stake in Russian Unit
Aug. 18, 2011 10:54AM PST
Precious Metals Investing
Bloomberg reported that Polyus Gold International Ltd. (LON:KZG) has acquired a higher stake in its Russian unit.
Bloomberg reported that Polyus Gold International Ltd. (LON:KZG) has acquired a higher stake in its Russian unit.
The market news is quoted as saying:
Polyus Gold International, formerly named KazakhGold Group Ltd., completed the purchase of about 89 percent of OAO Polyus Gold in July to inject the Russian operation’s assets into the U.K.-listed company and boost the group’s access to investors abroad.
