Polymetal, one of Russia's largest gold and silver producers, wants to place shares abroad to increase liquidity and simplify investor access, Kommersant business daily said on Wednesday.
Polymetal will hold a board of directors meeting in St. Petersburg on Wednesday to discuss ways to facilitate raising investment and assets for shares deals, a source familiar with an agenda of the meeting told the newspaper.
The source said that the company was considering four scenarios - a secondary public offering in the U.S. and Canada, a merger with a public company, a reverse takeover of a public company, or setting up a new parent company in the UK and then floating a quarter of its shares on the British market.
The core scenarios are floating a new parent company in the UK and an acquisition of a public company with a further reverse takeover.
A Polymetal official confirmed that the board of directors would meet on Wednesday but declined to elaborate.
RIA Novosti
