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Sunday, May 19, 2024
CEOWORLD magazine - Latest - CEO Advisory - Russia’s OAO Polymetal seeks public offering, merger, reverse takeover or buy a U.K. company for expansion

CEO Advisory

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

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.


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CEOWORLD magazine - Latest - CEO Advisory - Russia’s OAO Polymetal seeks public offering, merger, reverse takeover or buy a U.K. company for expansion
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a publishing executive and economist who is the CEO and editor-in-chief of The CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Additionally, he serves as the chair of the advisory board for the CEOWORLD magazine. He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He earned 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. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.


Prof. Dr. Amarendra Bhushan Dhiraj is CEO and editor-in-chief of CEOWORLD magazine. You can follow him on LinkedIn, Facebook, Twitter.