Some Russian Snippets on Last Nights RNS6 Apr 2022 09:59
https://www.kommersant.ru/doc/5294619
04/06/2022, 10:34
"Yuzhuralzoloto" and "Region" terminated the deal to sell the share of Petropavlovsk
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The owner of 29.18% of the shares of the gold mining company Petropavlovsk again became Yuzhuralzoloto (UGK) Konstantin Strukov. This happened as a result of the termination of the share purchase and sale agreement concluded earlier with the Region group of companies. The corresponding notice was published on the official website of Petropavlovsk on April 5.
The deal was announced in March. President of UGK JSC Konstantin Strukov explained the decision to sell the entire stake in Petropavlovsk to corporate conflicts, which caused a drop in production results. It was planned to use the proceeds from the sale to reduce the debt burden of SGC and finance its own projects in the Chelyabinsk Region and the Krasnoyarsk Territory.
Petropavlovsk is one of the largest gold mining companies in Russia. The head office is located in the UK. Earlier, the company reported on the difficulties associated with the inclusion of Gazprombank in the sanctions lists. The bank bought 100% of the gold produced by the holding. Because of the sanctions, this has become impossible. In addition, there were problems with servi