Deutsche Bank increased its stake in Polymetal to over 7%

Deutsche Bank AG increased its stake in Polymetal Int (unites the assets of Polymetal OJSC) from less than 3% to more than 7%, Polymetal reports.

The deal was carried out August 6th. Based on the value of the company’s shares on the LSE as of August 6th (516.5 pence), the bank could pay about 82 mln British pounds ($138 mln) for the purchased package. With today’s market capitalization of the company of $3.381 bln, the package of Deutsche Bank is assessed at $237 mln.

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