Sapinda offers Petropavlovsk ‘compromise’ refinancing deal

One of the key shareholders in troubled miner Petropavlovsk says it will vote in favour of the company’s refinancing plans – but only if its own proposals are accepted too.

150224-peter-hambro

Petropavlovsk chairman Peter Hambro

Sapinda, a key shareholder in gold miner Petropavlovsk, says it will vote in favour of the company's controversial refinancing plans at an EGM this Thursday, but only if certain of its own proposals are accepted by its management and bondholders.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
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.