Gold bulls drive demand for fifth Polymetal block of 2020

Gold_bull_Adobe_575x375_Sep18
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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