Global Capital Markets

Story: Polyus, the Russian gold producer, will carry out an IPO on Russia’s MICEX exchange in April or May 2006, and will subsequently list on the New York or Toronto exchanges, according to CEO Yevgeny Ivanov. “We see ourselves as a public company,” Ivanov said. “There are good reasons to become an independent, public company.” Polyus’ parent company, Norilsk Nickel, announced the planned spin-off of its gold producer in August. The spin-off is scheduled to include the 20% in South African mining company Gold Fields which Norilsk owns. Ivanov said acquisitions of new assets would form part of Polyus’ growth strategy for the future.



Source: mergermarket
Value: $3,000m (estimated Polyus value)