Polymetal company signed an agreement to sell its business in Russia to Mangazeya Plus company through the Polymetal joint stock company. This has been reported Web site companies.
It is stated that within the scope of the transaction, Russian assets are valued at $ 3.69 billion, including net debt of $ 2.21. Polymetal will transfer dividends in the amount of $1,429 million to Polymetal prior to completion of the transaction; of which $278 million will be for general corporate purposes and $1,151 million will be used to pay off intra-group debt in full. Polymetal shareholders will receive cash compensation of $50 million from the buyer.
The company said completion of the deal will be subject to various conditions, including regulatory approvals and shareholder approval. The deal is expected to be completed by the end of March 2024.
At the end of January, it was learned that Polymetal’s main shareholder had changed. Alexander Nesis’ ICT company sold its shares to Omani investors.
Later Polymetal CEO Vitaly Nesis statedIt was stated that after the sale of Russian assets, the company will return to discuss the issue of paying dividends to investors. His remarks caused Polymetal shares on the Moscow Stock Exchange to fall by more than 4.5%.
Putin before in the name Increasing the number of shares of Russian companies on the stock exchange.