Sapinda accuses Petropavlovsk bondholders of ‘scaremongering'

The largest shareholder in troubled miner Petropavlovsk has accused bondholders in the company of “frightening” shareholders into accepting a controversial refinancing deal. Kam Patel reports.

150225-petro

Petropavlovsk: shareholders could lose their entire investment

Sapinda, the largest shareholder in cash-strapped gold miner Petropavlovsk, has slammed a group of bondholders in the company for attempting to "frighten" shareholders into supporting a refinancing deal that is "good only for the bondholders themselves".

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
Explore More
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.