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Corporate: Mourant Ozannes advises on US$635.5 million sale of shares in Polyus Gold

Mourant Ozannes have acted as sole Jersey legal adviser to Polyus Gold International Limited in relation to the sale of shares and global depositary receipts in Polyus Gold representing approximately 7.5% of its issued share capital.

Jenington International Inc. (a wholly owned subsidiary of Polyus Gold) has entered into agreements to sell the shares and global depositary receipts to Chengdon Investment Corporation (a wholly owned subsidiary of CIC International Co., Ltd.) and JSC VTB Bank. The sale is expected to raise gross proceeds of US$635.5 million.

The Mourant Ozannes team advising on the deal was led by partner James Hill and senior associate Jon Woolrich.

Debevoise & Plimpton LLP acted as Polyus Gold's English, Russian and US legal counsel.

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