Business

KazakhGold shareholders approve merger with Polyus Gold

18:27 27/07/2010

Related News

Shareholders of Kazakh gold miner KazakhGold Group Ltd have approved a merger with parent company Polyus Gold, Russia's top gold producer, KazakhGold said on Tuesday.

Shareholders also approved an increase in equity capital and changing the company's name to Polyus Gold International.

They decided to extend the deadline for accepting share swap proposals to September 17 following consultations with the Kazakh government. An earlier preliminary plan for a reverse takeover procedure was also rescinded.

KazakhGold started the reverse takeover procedure with its controlling stake owner Polyus Gold in early July. Under the proposed deal, KazakhGold was valued at $9.4 billion.

MOSCOW, July 27 (RIA Novosti)

Add to blog
Send to friend
Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/business/20100727/159970860.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/business/20100727/159970860.html"><img src="http://en.rian.ru/images/15997/09/159970940.jpg" width="120" height="83" border="0" alt="KazakhGold shareholders approve merger with Polyus Gold" style="float:right;padding:0px 15px 5px 0px;" /></a><a target="_blank" href="http://en.rian.ru/business/20100727/159970860.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;">KazakhGold shareholders approve merger with Polyus Gold</strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 153px 0px 0;"><span style="color:#5590bf;">18:27</span> <span style="color:#5590bf; padding-right:7px;">27/07/2010</span> <span style="font-size:12px;">Shareholders of Kazakh gold miner KazakhGold Group Ltd have approved a merger with parent company Polyus Gold, Russia's top gold producer, KazakhGold said on Tuesday.<a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/business/20100727/159970860.html" title="KazakhGold shareholders approve merger with Polyus Gold">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>

Preview:

KazakhGold shareholders approve merger with Polyus Gold

18:27 27/07/2010 Shareholders of Kazakh gold miner KazakhGold Group Ltd have approved a merger with parent company Polyus Gold, Russia's top gold producer, KazakhGold said on Tuesday.>>

Other news of the day