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China’s Fosun buys 10% stake in Russia’s Polyus for $887m

Russian tycoon Suleiman Kerimov’s family said on Wednesday they were selling 10% of Russia’s top gold producer Polyus to a consortium of investors led by China’s Fosun International for $887-million.

Fosun, an acquisitive Chinese conglomerate, has been in talks since last year to buy a Polyus stake.