Norilsk Gold Arm Sells 20% Stake of Gold Fields

Russian metals giant Norilsk Nickel said on Monday that its gold production arm, Polyus Gold, had sold its 20% stake in South African gold miner, Gold Fields.

Polyus sold its 98468-million Gold Fields shares at $20.50 a share, on an agency basis via investment banks Goldman Sachs and Citigroup, for an implied sale price of $2,019bn.