Main Polyus shareholder to redomicile to Russia

MOSCOW. March 29 (Interfax) - Cyprus-based Wandle Holdings Limited, through which Said Kerimov owns 76.34% of the gold miner Polyus , is redomiciled in Russia.

According to the materials of the Central Bank of Russia and the Unified State Register of Legal Entities, Vandle Holdings Limited, an international company, was registered in late March under the procedure of redomiciliation on Russky Island in the Primorye Territory.

One of the two special administrative districts created in Russia is located on Russky Island. The second one, in Kaliningrad, is so far more popular with business, but several notable companies have also re-registered in Primorye - for example, Interros Capital, which owns shares in Nornikel , and SUEK.

Earlier, Polyus reported that Cypriot-based Wandle became the primary shareholder of the gold miner in place of its 100% subsidiary - Jersey-based Polyus Gold International Limited (PGIL).

Polyus is Russia's leading gold miner. It develops ore and placer deposits in the Krasnoyarsk Territory, Irkutsk and Magadan Regions, and Yakutia.