7 Dec 2017 10:32

GV Gold agrees to buy Zoloto Kamchatki for over $500 mln with debt - reports

MOSCOW. Dec 7 (Interfax) - GV Gold (PJSC Vysochaishy) has agreed to buy Zoloto Kamchatki, the gold mining division of Viktor Vekselberg's Renova Group, for more than $500 million including debt, RBC reported, citing sources.

The agreement on the main terms of the deal was signed on Tuesday, RBC said. The size of Zoloto Kamchatki's debt was not specified.

GV Gold told Interfax that it "does not comment on rumors." Representatives of Renova and Zoloto Kamchatki have been unavailable for comment.