Friday, October 29, 2010

$1 Billion Public Offering Of Polymetal On London Stock Exchange

Shareholders of the company Polymetal -  Russia's largest silver producer, intend to conduct reverse takeover transaction (RTO) with its subsidiary in the United Kingdom Polymetal International, which will then receive a premium listing on the London Stock Exchange (LSE).
The newspaper Kommersant reported today that if the deal goes through Polymetal International will hold on the LSE public offering of additional shares in the amount of $ 1 billion.

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