Russian connection: Chelsea’s Russian owner Roman Abramovich (left) attending an English Premier League football match between at Stamford Bridge in London. — AFP
MOSCOW: Billionaire Roman Abramovich agreed to sell his stake in a Russia-focused gold miner, the latest in a wave of precious-metal deals, as bullion trades at a record high.
Abramovich and other investors holding about 40% of Highland Gold Mining Ltd agreed to sell their shares to Fortiana Holdings Ltd in a deal valuing the miner at about US$1.4bil.
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