is selling its Russian business to a Russian company at a discount and will have to wait years to get the bulk of the payments.
Kinross will receive only US$100-million up front, and is due to receive the balance in tranches over the next five years. The deferred payments are secured by financial guarantees, including share pledges. From a geopolitical risk viewpoint, however, Kinross will now be seen as a far less risky bet for investors. The company has long traded at a discount to peers, such as Agnico Eagle Mines Ltd., as a result of its exposure to Russia.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: globeandmail - 🏆 5. / 92 Lire la suite »