Reuters logo
China's Fosun plans to buy stake in Russia's Polyus: Interfax
April 12, 2017 / 6:51 PM / 7 months ago

China's Fosun plans to buy stake in Russia's Polyus: Interfax

MOSCOW (Reuters) - China’s Fosun International Ltd (0656.HK) plans to sign an agreement to buy a stake in Russia’s largest gold producer Polyus (PLZL.MM), Interfax news agency quoted Russian First Deputy Prime Minister Igor Shuvalov as saying on Wednesday.

Fosun International Ltd services are displayed at a news conference in Hong Kong, China March 29, 2017. REUTERS/Bobby Yip

He did not provide further details on the deal. Sources with knowledge of the matter told Reuters in November that Fosun was in exclusive talks to buy a large minority stake in Polyus.

Shuvalov also said that aluminum giant Rusal (0486.HK) could soon announce the placement of the second tranche of its Chinese yuan-denominated bond, known as a Panda bond. Rusal placed its first tranche of the Panda bond in March.

Reporting by Polina Devitt; editing by Susan Fenton

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below