Gold Miner May Revive London Listing After Russian Asset Sale

Polymetal International Plc Chief Executive Officer Vitaly Nesis said the gold miner may revive its London listing once its sanctioned Russian unit has been sold.

Polymetal, which generates about 70% of its sales from Russia and the remainder from Kazakhstan, re-domiciled from Jersey to Astana last month. That re-domiciling was a first step toward spinning off its Russian business — to meet restrictions imposed by Moscow — and made it impossible to retain its London listing.

However, the unit was put on sale when it was added to a US sanctions list in May. When that sale is completed, Polymetal ...