Company Overview
April has brought some interesting news about Polyus (OTCPK:OTCPK:OPYGY).
In early April, the holding company Polyus Gold International, controlled by Said Kerimov, sold 3.84% stake for $400 mn. The deal increased the company’s free float from 16.67 percent to 20.51 percent, which is a positive factor for the stock liquidity. Kerimov, in turn, retained a stake of 78.6 percent. The company said that it will not receive the proceeds from the sale.
The increased free float also means that the share of Polyus in the MSCI Russia index should increase from