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Russia's Petropavlovsk buys gold miner for $144 mln

Reuters - UK Focus

MOSCOW, April 28 (Reuters) - Russia-focused gold miner Petropavlovsk (LSE: POG.L - news) said on Thursday it had entered into an agreement with Russian businessman Musa Bazhaev to acquire Amur Zoloto, a gold mining company with assets in Russia's far eastern Khabarovsk region.

Petropavlovsk will issue new shares for the deal with aggregate value of the gross consideration payable of $144 million, it added in a statement. (Reporting by Polina Devitt; editing by Dmitry Solovyov)