Russia Sells 67.2% Stake in Top Gold Miner for $1.3B, Below Half Expected Price

According to Russian news agency TASS, Russia sold a majority stake in Yuzhuralzoloto PJSC on Friday (June 19). Moscow-based BTS-Most Holding won the Dutch-style auction with a bid of 93 billion rubles (approximately $1.3 billion) for 67.2% ownership of the gold mining company and its subsidiaries. The final price was roughly half of the initially expected valuation, despite multiple previous sale attempts.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments