Gold rush ramps up with third Polymetal block in three months

Sam Kerr

July 08, 2020 12:30 pm

MOSCOW, RUSSIA - JULY 7, 2019: The main entrance to the Moscow Polymetal Plant (MZP), part of the TVEL Fuel Company, in Kashirskoye Highway. Moscow residents protest against the construction of South-Eastern Chord highway over a territory by the plant where radioactive waste is stored. Sergei Bobylev/TASS | Sergei Bobylev/Tass/PA Images

Otkritie Bank, the Russian financial services company, sold a 3% stake in gold and silver miner Polymetal on Tuesday night, the third trade in the firm in three months, as investors flock to take advantage of rising gold prices.

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Topics

Central and Eastern Europe (CEE)Equity ABBs-Block Trades Europe Emerging Markets CEE Equity EMEA CEE Russia

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Sam Kerr