Topic: #gold
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Russia sells Yuzhuralzoloto stake for $1.3B after three failed auctions
Russia sold a 67.2% controlling stake in Yuzhuralzoloto to Moscow-based BTS-Most Holding for 93 billion rubles ($1.3 billion) on June 19, after three prior auctions in May and June drew no qualified bidders. The final price was 43% below the initial asking price of $2.2 billion.