info@ceoworld.biz
Saturday, February 4, 2023

C-Suite Advisory

Russia’s OAO Polymetal seeks public offering, merger, reverse takeover or buy a U.K. company for expansion

Prof. Dr. Amarendra Bhushan DhirajProf. Dr. Amarendra Bhushan DhirajC-Suite Advisory

OAO Polymetal (PMTLq.L), one of Russia’s largest gold and silver producers, wants to boost the liquidity of its stock and is eying options including a share issue overseas (United States or Canada), a merger with another firm, a reverse takeover and the transfer of Polymetal (PMTL.MM) assets to a British-listed company. Polymetal will hold a board of directors meeting in St. Petersburg on Wednesday to discuss ways to facilitate raising investment and assets for shares deals.

Company is considering four scenarios

1) public offering in the U.S. and Canada
2) merger with a public company
3) reverse takeover of a public company
4) setting up a new parent company in the UK and then floating a quarter of its shares on the British market.

If  Polymental opts for a reverse takeover, it would follow in the footsteps of fellow miner Polyus Gold (PLZL.MM), the target of a reverse takeover by the much smaller KazakhGold (KZGq.L), although their plans have fallen foul of the Kazakh government.

Polymetal, Russia’s biggest silver producer which is due to report first half results on Wednesday, has been considering raising some $300 million via a placing of up to 10 percent of its shares.

Track Latest News Live on CEOWORLD magazine and get news updates from the United States and around the world. The views expressed are those of the author and are not necessarily those of the CEOWORLD magazine.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Thank you for supporting our journalism. Subscribe here.
For media queries, please contact: info@ceoworld.biz
Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.

Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.
view all posts

UP NEXT