Reuters: Regulatory News: Billionaire duo shortlisted for Polyus stake-sources

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Billionaire duo shortlisted for Polyus stake-sources Jan 29th 2013, 06:57 MOSCOW | Tue Jan 29, 2013 1:57am EST MOSCOW Jan 29 (Reuters) - Billionaires Zelimkhan Mutsoyev and Gavriil Yushvayev have been shortlisted as possible buyers of a 38 percent stake in Russia's largest gold miner, Polyus Gold International Ltd, three sources familiar with the matter said on Tuesday. Tycoon-turned-politician Mikhail Prokhorov is looking to sell his $4 billion stake in London-listed Polyus, and a proposed deal is now being reviewed by the U.K. Takeover Panel. At issue is whether the buyers are acting independently, or whether they form a so-called "concert party" with Suleiman Kerimov, who owns 40 percent of Polyus. In the latter case, a deal would trigger a mandatory offer to buy out minorities.

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