Polymetal closed a deal to sell Russian assets. The deal was officially closed on March 7.
Polymetal reduced net external debt by $2.2 billion and fully repaid intragroup debt in the amount of $1.04 billion after after taxes, and also received $300 million after taxes. Earlier it was reported that Polymetal shareholders approved the deal to sale Russian assets to the structure of the Mangazeya Mining company. The buyer became the owner of 100% of the company’s shares.