Gold bulls drive demand for fifth Polymetal block of 2020

By Sam Kerr
18 Sep 2020

Alexander Nesis, the Russian billionaire who is the largest shareholder in gold miner Polymetal, sold a 4% stake in the company on Thursday - the fifth trade in the name this year.

Bank of America acted as sole bookrunner on the deal, which was conducted in London after market close.

According to a source close to the deal, the bookrunners had indications of interest in excess of the deal size from a small wall-crossing prior to launch.

The banks ...

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