11 Mar 2013 19:17

Russian Prosperity raises stake in Highland Gold to 6%

MOSCOW. March 11 (Interfax) - Russian Prosperity, a unit of Prosperity Capital Management, has increased its stake in Highland Gold Mining to 6% from 5.02%, the miner said.

The stake is held via Protsvetaniye Holdings and was worth around $30.1 million at close of trading on Friday.

Prosperity units Medvezhonok Holdings, Lancrenan Investments, Protsvetaniye Holdings and Faendo Ltd owned 10.06% of HGM as of February 21.