Fosun would acquire $1bn worth BlackRock-backed GV Gold.

A consortium led by Fosun International, a leading private equity firm would acquire BlackRock backed GV Gold, a gold mining corporation in Russia. Financial terms are not disclosed. Fosun is considering teaming up with partners including Zhaojin Mining Industry for a joint offer. A deal could value GV Gold at about $1 billion. The miner’s initial public offering plan was stalled last year amid international sanctions and a slump in commodity prices. No final decision has been made and there’s no certainty the talks will lead to an agreement.