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BlackRock-backed gold miner prepares to join rush of Russia IPOs

GV Gold, a Russian miner backed by BlackRock, plans an initial public offering (IPO) in Moscow this year after first doubling its output in a possible acquisition, according to the miner’s chief. “Our shareholders want an IPO to get a market valuation of the business and have their holdings liquid after many years of investment," CEO German Pikhoya said in interview in Moscow. The miner has already held preliminary talks with banks, he said.

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