16th Jul 2019 11:45
(Alliance News) - Businessman Kenges Rakishev has sold his 22% stake in Russian gold miner Petropavlovsk PLC, the Financial Times said on Tuesday.
Rakishev, the FT said, bought the stake in December 2017, and since then, shares have climbed by 30%, helped by a stronger gold price.
Petropavlovsk was trading at 9.77p on Tuesday morning in London. In a statement by the company Tuesday, it said Fincraft Holdings Ltd, controlled by Rakishev, now holds 19% of the company, without giving his prior stake.
https://www.ft.com/content/bedd7132-a7af-11e9-984c-fac8325aaa04
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