China’s Fosun International Ltd. [HKG:0656] plans to buy a stake in Russia's largest gold mining concern.
The target is Polyus Gold International Ltd., said Igor Shuvalov, Russia’s first deputy prime minister, as Interfax news agency reported April 12.
Shuvalov disclosed no further details of the deal.
Fosun International was already in exclusive talks to buy a large minority stake in Polyus last year, Reuters news agency reported in November.
Source: Yicai Global
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