Just weeks before the planned creation of a new gold company on the London Stock Exchange this month, the authorities in Kazakhstan’s capital, Astana, threw a spanner in the works with the announcement of an investigation into the activities of the former management of KazakhGold and the cancellation of a planned share sale.
The news came just weeks before LSE-listed KazakhGold was supposed to finalize a reverse takeover – whereby KazakhGold with a market capitalization of about $300 million would have taken over its Russian parent company Polyus Gold, which is valued at least 30 times higher – in mid-August to create a $10.8
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
