Said Kerimov acquired Polyus Gold for GBP6.2bn.

Said Kerimov acquired Polyus Gold for GBP6.2bn. Said Kerimov motivated the acquisition with a statement pertaining to the long-term development of Polyus’ portfolio of assets in Russia. According to Kerimov, who was already in control of over 40% of the company’s share, this development would best be undertaken by a private company. The oligarch furthermore argued that this would be a positive development for Russia in its current geopolitical position, particularly when considering the unique dynamics of the market.