Russia's Polyus sets price range for share offer in London, Moscow

Russia's top gold producer Polyus said on Thursday it had set a price range for the offering of between 7 and 9% of its shares, including new shares, in London and Moscow. Polyus expects to raise $400-million from the sale of new shares. Further proceeds from existing equity will go to its controlling shareholder, the family of Russian tycoon Suleiman Kerimov.