Polyus Gold Minority Shareholders Accept Buyback Offer
Investing News Network - November 10th, 2011
Bloomberg reported that a share buyback offer to minority shareholders of Polyus Gold (LSE:KZG) has been accepted.
Bloomberg reported that a share buyback offer to minority shareholders of Polyus Gold (LSE:KZG) has been accepted.
As quoted in the market news:
Investors agreed to sell 7.36 million shares to Jersey- registered Polyus Gold International Ltd. in a mandatory offer that closed Nov. 8, according to a regulatory filing today. That amounts to a 3.9 percent stake and indicates that the company spent 14 billion rubles ($458 million) at a price of 1,900.27 rubles apiece, based on Bloomberg calculations.