VTB Group is acting as sole financial advisor and provider of financing in the prospective takeover of Polyus Gold by Sacturino Ltd, a wholly owned subsidiary of Wandle Holdings Limited.
Wandle currently owns 40.2% of Polyus Gold. The acquisition of Polyus Gold shares not already owned by Wandle is being financed by VTB Group for a total amount of up to US $5.5bn. The transaction represents one of the largest M&A deals in the UK market in the last three years.
The total value of the company based on Wandle’s offer represents US $9bn for all Polyus shares in issue.
«VTB Capital is proud to be leading this landmark transaction which represents one of the largest M&A transactions in the global metals and mining sector during the last twelve months. The announcement demonstrates VTB Capital’s ability to deliver a unified and integrated advisory and financing solution to our core clients in a ground-breaking transaction. We look forward to working with many of our clients on similar transactions across global markets in the months ahead».
First Deputy President and Chairman of the Management Board of VTB Bank