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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Bullboard Posts
Post by Olderwisernowon Feb 11, 2009 1:22pm
434 Views
Post# 15770781

Russians looking to buy gold holdings...

Russians looking to buy gold holdings...

MOSCOW, Feb 11 (Reuters) - State-controlled Russian bank VTB(VTBR.MM: Quote) has requested clearance to buy up to 50 percent ofPolyus Gold (PLZL.MM: Quote), Russia's largest gold miner, an officialat the country's anti-trust watchdog said on Wednesday.Alexei Ulyanov, head of the industrial division of theFederal Anti-Monopoly Service (FAS), told Reuters the requestwould be denied because the seller had not been disclosed.

Separately, a source close to the negotiations said VTB hadrequested anti-trust permission to buy 30 percent of Polyus onbehalf of a client interested in building a large metalscompany.

Billionaires Mikhail Prokhorov and Vladimir Potanin each ownabout 30 percent of Polyus.(Reporting by Oksana Kobzeva and Polina Devitt, writing byRobin Paxton, editing by Aleksandras Budrys)

Come on HRG: get them interested in Prognoz, that is if they are not already!

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