Horvik, a Cyprus-registered company indirectly owned by Vladislav Sviblov and is part of his wider business interests in the metals and mining industry, completed the acquisition of Trans-Siberian Gold, a gold producer, developer and explorer in Russia, for $74m. "We are pleased to announce the acquisition and the offer which represent a further strategic investment for us in the Russian natural resources sector. This is in line with our strategy to build a broader asset portfolio and adds to our investments in Highland Gold and the Ozernaya Mining Company. We believe that TSG has an attractive asset portfolio in the Kamchatka region and we believe that we can support TSG's future development," Vladislav Sviblov, Horvik Ultimate Beneficial Owner. On May 19, 2021, FAS has granted regulatory clearance in connection with the offer.