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Polyus rejects Kerimov takeover bid

Latest offer undervalues company, says independent committee

Richard Wachman
Blasting at Polyus's Olimpiada mine, Russia

Blasting at Polyus's Olimpiada mine, Russia

The Kerimov vehicle, Wandle, said it would offer US$2.97 per share in cash, valuing the group at $9 billion. Polyus is the largest gold producer in Russia and one of the top 10 gold miners in the world...

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