Published by: Jarosław Adamowski
Secondary listing Russia’s largest gold producer Polyus will offer its stock on the London Stock Exchange (LSE) in a secondary listing that is expected to generate some $400 million (€360 million).
Polyus will return to the LSE two years after its delisting. This comes following a transaction which allowed Chinese investment group Fosun to acquire a 10% stake in Polyus with an option to increase this to 15%.
Polyus is currently listed on the Moscow Exchange with a market capitalisation of about $9.9 billion, according to data obtained by the Financial Times.