Key facts
- Russia sold a seized gold mining company.
- The company was seized from a billionaire last year.
- This sale occurred after multiple previous attempts.
- The sale price was roughly half of the original asking price.
Russia has completed the sale of a gold mining company that was seized from a billionaire last year. This transaction follows multiple unsuccessful attempts to sell the asset. The final sale price was reportedly around half of the initial asking price. The company's seizure last year initiated a process that has now concluded with its divestment through this sale. Details regarding the buyer or the exact sale price were not immediately available, but the successful sale indicates a resolution for the seized asset after previous efforts failed to find a buyer at the desired valuation.