Chinese Investors Will Refuse to Purchase GV Gold with Assets in Yakutia
A GV Gold spokesman said the documents were submitted to the government commission and negotiations with Chinese investors were ongoing. Fosun declined to comment. As one of the interlocutors of the media explained, the deal went wrong for purely commercial reasons. Amid rising gold prices, seller and buyer estimates diverged greatly, he said.
The start of negotiations between Fosun and GV Gold became known in June 2019. Then Bloomberg sources estimated the Russian company at $ 1 billion, although interlocutors of the Russian media called this amount overpriced and unlikely.