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Polyus says $887m deal with China’s Fosun dropped

By:  
Creamer Media Senior Deputy Editor Online
 
CORPORATE ACTIVITY
Russia's Polyus said on Monday that an agreement to sell a 10% stake in the company to a consortium led by China’s Fosun International had been terminated. A condition precedent to the transaction was not met, following which the agreement to sell 12 561 686 of the ordinary shares in Polyus for $70.6025 a share had been terminated, Russia's top gold producer said.
 
 
 
 
 

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