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IN BRIEF: Petropavlovsk agrees to sale of Russian subsidiaries
Thu, 04th Aug 2022 19:34
Petropavlovsk PLC - Russian gold miner - Alongside administrators, agrees to sell its subsidiaries in Russia to UMMC-Invest JSC.
Sale is conditional on several matters and has a longstop completion date of September 30. Should the sale be completed, Petropavlovsk stands to receive a consideration in excess of USD600 million.
Current stock price: suspended
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
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