January 15, 2018 / 8:42 AM / a month ago

Russia's Polyus says Fosun stake deal to be dropped

MOSCOW, Jan 15 (Reuters) - Russia’s largest gold miner Polyus said on Monday that plans to sell a 10 percent stake to a consortium led by China’s Fosun International have been dropped, after a condition of the agreement was not met.

The deadline for completing the sale was first set for the end for 2017 but was then delayed until February 2018. (Writing by Polina Ivanova; Editing by Katya Golubkova)

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