Peter Hambro on shareholder revolt

Petropavlovsk (LN:POG) co-founder Peter Hambro will soon stand down as chairman after a shareholder revolt against him. He says Russian billionaire Viktor Vekselberg’s Renova Group could be positioning themselves for a board takeover of the company with the help of Sothic Capital and an arm of M&G Investment, a bloc of 30% of the company’s voting shares.

Petropavlovsk chairman, for now, Peter Hambro

17 May 2017
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Petropavlovsk produced over 400,000 ounces of gold in 2016, and despitelosing much of its value in 2015, it is backing itself tomake a profit.

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