Gold Miner Polymetal to Exit Russia in $3.7 Billion Deal    ...Middle East

Precious metals miner Polymetal is looking for an exit from Russia in order to avoid nationalization or other forms of expropriation and agreed to sell its Russian unit in a deal valuing it at $3.69 billion. Polymetal International plc said on Monday it had reached an agreement to sell JSC Polymetal, or Polymetal Russia, to JSC Mangazeya Plus, an entity established for the purpose of the transaction by Russian precious metals miner Mangazeya Mining. The buyer is a subsidiary of Mangazeya Group owned by Sergey Yanchukov. The agreed terms…

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