8/9/2019 Polyus in focus on stake sale.docx

1/3

Polyus in focus on stake saleAlmost a fifth of the Russian gold producer has changed ownership

Almost a fifth of Polyus Gold has changed ownershipPhoto: ALAMY

By Ben Martin

5:23PM GMT 3 !ec 2"#

2 $omments

As the wider stoc% mar%et ended the year on a &uiet note' Polyus Golddrew attention after a

sta%e in the yellow metal producer worth ()n changed hands*

The +ussian gold miner said that an ,*5pc shareholding had passed from +ussian entrepreneur

Amir%han Mori to -leg M%rtchan' a .%rainian )usinessman with a )ac%ground in the steel

industry*

/hares in the company closed the session down 0p at ,1p' aluing Polyus Gold at almost

(5*5)n*

The sta%e sale is of interest' not ust )ecause it means a new inestor has purchased almost a

fifth of the company in one fell swoop' )ut also )ecause this particular shareholding happens to

hae changed ownership rather fre&uently oer the past two years*

Mr Mori' a )usiness associate of Polyus4s single)iggest shareholder' /uleiman 6erimo' )oughtthe holding off his )illionaire )rother 7elim%han Mutsoe in August 2"3* Mr Mutsoe himself had

http://www.telegraph.co.uk/journalists/ben-martin/http://www.telegraph.co.uk/finance/markets/marketreport/11319703/FTSE-100-set-for-first-December-fall-since-2002.html#disqus_threadhttp://www.telegraph.co.uk/finance/markets/marketreport/11319703/FTSE-100-set-for-first-December-fall-since-2002.html#disqus_threadhttp://www.telegraph.co.uk/journalists/ben-martin/

8/9/2019 Polyus in focus on stake sale.docx

2/3

not )een a longterm inestor in the gold miner' howeer' haing only purchased the Polyus sta%e

si8 months )efore he sold it to his )rother*Related Articles

FTSE 100 posts first annual fall since 2011

31 Dec 2014

Activists raise William Hill and Preo sta!es

22 Dec 2014

World stoc! mar!et revie"# $olatility sur%es as sell&offs punctuate 201'

30 Dec 2014

FTSE 100 set for first (ecem)er fall since 2002

30 Dec 2014

$urious changes to Polyus4s shareholder register aside' the last trading session of 2"# was an

uneentful one for the )roader mar%et*

After falling heaily a day earlier amid worries a)out the wea% oil price and Greece' the FTSE

100 sta)ilised to edge 9*"9 points higher to '5*"9* Trading olumes were light and' gien it

was ;ew Year4s *pc in early trade as

inestors reacted to the profit warning the company sounded after the close of trade on Tuesday*

The shares then rallied to close up *p' or *#pc' at >*,p' a re)ound that traders attri)uted to

hopes that the group will )e )ought* Playtech and $anada4s Amaya Gaming hae )een named as

potential )idders for the company* @win' which has not identified any suitors' said in its latestupdate that it remained in tal%s with Bseeral partiesC a)out potential deals*

http://www.telegraph.co.uk/finance/markets/11319220/FTSE-posts-first-annual-loss-since-2011.htmlhttp://www.telegraph.co.uk/finance/markets/11319220/FTSE-posts-first-annual-loss-since-2011.htmlhttp://www.telegraph.co.uk/finance/markets/marketreport/11309194/Activists-raise-William-Hill-and-Prezzo-stakes.htmlhttp://www.telegraph.co.uk/finance/markets/marketreport/11317784/World-stock-market-review-Volatility-surges-as-sell-offs-punctuate-2014.htmlhttp://www.telegraph.co.uk/finance/markets/marketreport/11318085/FTSE-100-set-for-first-December-fall-since-2002.htmlhttp://www.telegraph.co.uk/finance/markets/11319220/FTSE-posts-first-annual-loss-since-2011.htmlhttp://www.telegraph.co.uk/finance/markets/11319220/FTSE-posts-first-annual-loss-since-2011.htmlhttp://www.telegraph.co.uk/finance/markets/11319220/FTSE-posts-first-annual-loss-since-2011.htmlhttp://www.telegraph.co.uk/finance/markets/marketreport/11309194/Activists-raise-William-Hill-and-Prezzo-stakes.htmlhttp://www.telegraph.co.uk/finance/markets/marketreport/11317784/World-stock-market-review-Volatility-surges-as-sell-offs-punctuate-2014.htmlhttp://www.telegraph.co.uk/finance/markets/marketreport/11318085/FTSE-100-set-for-first-December-fall-since-2002.htmlhttp://www.telegraph.co.uk/finance/markets/11319220/FTSE-posts-first-annual-loss-since-2011.html

8/9/2019 Polyus in focus on stake sale.docx

3/3

Meanwhile' /onmin' the platinum miner' slipped as much as 2*pc after disclosing that it had

encountered further pro)lems at its /outh African plant* The group said it had temporarily shut

down a second furnace after discoering a fault*

The halt comes less than a month after Lonmin stopped production at another furnace so that it

could )e re)uilt following a lea%* The shares rallied to close up *p at >>*,p' a "*pc adance*