Polymetal Buys Out AngloGold Ashanti From Russian Joint Venture
February 08, 2012, 6:43 AM ESTBy Ilya Khrennikov
Feb. 8 (Bloomberg) -- Polymetal International Plc, a Russian gold miner listed in London, bought out AngloGold Ashanti Ltd. from a joint venture that holds rights to the Veduga deposit in Russia’s Krasnoyarsk region.
Polymetal acquired the 50 percent it didn’t already own for $20 million including debt, the company said today in a statement.
--Editors: Amanda Jordan, Alastair Reed
To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net
To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net
