Polyus Gold has been sold in domestic surroundings – Zelimkhan Mutsoev’s share was bought by his brother
Edited by Rhod Mackenzie / 2013-08-26 05:30:14
The Deputy Zelimkhan Mutsoev has finally disposed of his assets to stay in the State Duma. His package in the amount of 18.5% of Polyus Gold’s shares was transferred to be under the control of Mutsoev’s brother – Amirkhan Mori. In June, Zelimkhan Mutsoev sold 6.43% of his shares to Uralkaliy under a buy-back program. The ex-owner could receive $1.86 billion for his share in Polyius Gold that is by $60 million more than he paid for it in February, but analysts think that Mutsoev didn’t aim to earn.