Sapinda: 'No ulterior motive' over Petropavlovsk

Investment fund Sapinda has strongly denied that its proposal to Petropavlovsk is a Trojan horse to take over the stricken miner. Kam Patel reports.

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Investment fund Sapinda says Peter Hambro's (pictured) offer is unfair

Investment fund Sapinda, a key shareholder in cash-strapped Petropavlovsk, has strongly denied speculation that its alternative proposal for refinancing the company is a Trojan horse for ultimately taking over the Russia-focused gold miner or snapping up its attractive assets on the cheap.

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Kam Patel

Kam is a former deputy editor at Hemscott Invest and online editor, City A.M and he was also previously the Digital Editor at IFA Magazine. Kam is currently a senior journalist at The Global Treasurer and contributes to MoneyWeek. Kam shares expertise on the FTSE 100, investing and global stocks.