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British Kazimir Ptnrs eyes 2.5 pct in Polyus Gold

Fri May 16, 2008 11:27pm IST
 
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MOSCOW, May 16 (Reuters) - Britain-based asset management company Kazimir Partners said on Friday it had offered Russia's largest gold miner Polyus Gold (PLZL.MM: Quote, Profile, Research) $350 million for some 2.5 percent of its shares.

"Kazimir Partners ... made an unsolicited offer to acquire approximately 2.5 percent of the outstanding equity capital of Polyus Gold in the form of ordinary shares ... for a total consideration of $350 million in immediately available cash," the fund said in a statement.

Polyus, the world's fourth-largest gold company, is majority owned by Russian billionaires Vladimir Potanin and Mikhail Prokhorov.

Kazimir Partners said it had made substantial investments in Russia and other countries of the former Soviet Union. (Reporting by Polina de Vitt; Writing by Dmitry Solovyov; Editing by David Holmes)

 
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