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    PPF Group acquires stake in the Russian company Polymetal
    06/16/2008

    PPF Group N.V. announced today that it has completed the acquisition of Cyprus based Pearlmoon Ltd., which holds a 24,9% stake in the JSC “Polymetal” (LSE, MICEX, RTS: PMTL), one of the leading precious metals mining company, which produces gold and silver.

    From the PPF Group’s prospective this is a financial investment into dynamically developing industry, as well as to the financially sound company with a great growth potential. We expect the appreciation of this investment in a mid-term horizon.

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