Business
Russian billionaire Abramovich sells out in $1.4bn gold deal – MINING.com
Roman Abramovich and his partners are selling a 40.06% stake in Russian mid-sized gold producer Highland Gold.
Russian billionaire Roman Abramovich is selling his stake in local mid-sized gold miner Highland Gold (LON: HGM), the latest in a series of mining deals involving the precious metal, which is trading at record highs.
Abramovich and other investors holding 40.06% of the Russia-focused gold miner have agreed to sell their shares to Fortiana Holdings Limited in a deal that values Highland at about $1.4 billion.
Fortiana, a Cyprus-registered company of Russian businessman Vladislav Sviblov, will m…
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