Vladislav Sviblov acquires from Roman Abramovich and partners 40,06% of the shares of Highland gold mining holding Gold for $574,3 million Shareholders have long sought an opportunity to monetize the asset and will finally be able to exit the investment. Thus, in the portfolio of Mr. Sviblova will be another mining asset with good prospects. At the end of last year, the company increased its net profit three times and intends to increase gold production in the coming years.A native of the developer PEAK Vladislav Sviblov expanding its presence in the mining assets. It Fortiana Holdings Limited acquired 40,06% of the shares of Highland gold mining holding Gold. Salesmen were Roman Abramovich, Eugene Shvidler, Irina Panchenko, Andrey Gorodilov Alexey Polezhaev, New Evolution Trading Limited and Matteson Overseas Limited and Denalot Worldwide Limited. The whole company was valued at $1.4 billion financing for the transaction the company Mr. Sviblova attracted to VTB. Fortiana should send an offer to the minority shareholders of Highland Gold on the acquisition of their shares at a price not below that.Roman Abramovich, Evgeny Shvidler and their friendly structure, together controlled about 44% of the gold miner. They sell stocks amid record gold prices, which for the first time in the history $2 thousand per ounce. Highland Gold was founded in 2002, when the shareholders of “Sibneft” has made the holding Deposit MNV. By the end of 2019, the company’s net profit increased three times to $177,79 thousand the Company intends to increase production from 300 thousand ounces last year to 350 million ounces by 2022. Highland Gold mining is not the first asset that is sold, Roman Abramovich and partners. In 2018 they sold copper project Bamskoe in Chukotka.The main asset of Vladislav Sviblova is lake mining company, which is preparing to develop lead-zinc Deposit in Buryatia. In addition, it controls a gold mining company “Urutkan” in Zabaykalsky Krai. The inventory quantity is 60 tons. Mr. Sviblov owned 4.6% of Petropavlovsk, but in June sold the shares. The acquisition of shares of Highland Gold he called a “strategic investment through the creation of a wide portfolio of mining assets in Russia.” Vladislav Sviblov believes that the asset has low production costs, high performance and experienced management. “The proposal received by the shareholders of Highland Gold on the sale of their shares, is an exceptional opportunity to lock in profits from investments with a substantial premium to the market price of the shares,” he said, adding that the potential of the company will be “most fully realized while maintaining public status and maintaining high liquidity of the shares”.Eugene Zainullin
