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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.

Peter Hambro on shareholder revolt Peter Hambro on shareholder revolt Peter Hambro on shareholder revolt Peter Hambro on shareholder revolt Peter Hambro on shareholder revolt

Petropavlovsk chairman, for now, Peter Hambro

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.