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Russia’s Otkritie bank gets stake in Polymetal

Russia’s Otkritie bank has become a shareholder in Russian gold and silver producer Polymetal, the bank’s MD Alexander Dmitriev said on Tuesday.

The bank owns 7.56% in Polymetal and has no plans to sell the stake, Dmitriev added. He did not elaborate on how the bank had become a shareholder of Polymetal. Polymetal is co-owned by businessman Alexander Nesis.