Precious Metals

Bloomberg reported that after its reverse takeover is complete, OAO Polyus Gold will be valued at $12.7 billion.

Bloomberg reported that after its reverse takeover is complete, OAO Polyus Gold will be valued at $12.7 billion.

The market news is quoted as saying:

Billionaire Suleyman Kerimov’s Nafta Moskva will own 37.9 percent of Polyus Gold International, 8.2 percent will be held by Polyus’ unit Jenington, and the public float will account for 17.6 percent, KazakhGold said.

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