Renova sells stake in Petropavlovsk

Russian billionaire Viktor Vekselberg’s Renova Group has sold its stake in London-listed gold miner Petropavlovsk. “The deal is closed, we are not disclosing the details,” a spokesman, who declined to reveal the price or buyer, told Reuters. Interfax reported the 22pc stake was bought by Kazakh investor Kenges Rakishev.