BlackRock cuts Polymetal stake to 4%
Reuters
Published Mar 12, 2024 08:04AM ET
MOSCOW (Reuters) - U.S. fund manager BlackRock (NYSE:BLK) reduced its stake in gold miner Polymetal to 4.01% from 7.44% this month, Polymetal said on Tuesday.
BlackRock sold at $3.80 per share, netting about $62 million, it said.
Polymetal shares were down 1.4% to $3.68 on Tuesday on the Astana International Exchange where they moved after the company's Russian business came under Western sanctions.
Polymetal sold its Russian assets to a Siberian gold miner this month.
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Written By: Reuters
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