A Cyprus court has issued an ex-parte injunction freezing $ 6 billion in Russian assets, including Suleiman Kerimov's stakes in potash producer Uralkali and mining group Polyus Gold. The underlying case involves a $ 2 billion claim related to a Moscow hotel complex owned by Kerimov. The freezing order comes at a delicate time as Uralkali may be seeking a merger with rival Silvinit. Kerimov's Polyus Gold has also been trying to hold on to a recent acquisition of KazakhGold, which authorities in Kazakhstan are trying to reverse.
http://www.ft.com/cms/s/0/ef30542c-c67b-11df-8a9f-00144feab49a.html?ftcamp=rss
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment