(Alliance News) - Petropavlovsk PLC said Wednesday that the Uzhuralzoloto Group of Cos picked up a 28% stake in the Russian gold miner on Tuesday.
On the same date, Aeon Mining Ltd, the group's largest shareholder, disposed of its 28% stake in Petropavlovsk, leaving it with a holding below the notifiable threshold.
Uzuralzoloto is a gold miner based in the South Ural region of Russia. In October, Aeon Mining was responsible for nominating Mirzaaziz Musakhanov as non-executive director in October.
Shares in Petropavlovsk were down 1.5% at 17.28 pence on Wednesday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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