Fitch puts KazakhGold on watch

Fitch Ratings said it placed KazakhGold Group Ltd.'s long-term issuer default and senior unsecured ratings of B on Rating Watch negative.

This follows KazakhGold's announcement that it had received a possible offer from Polyus Gold for 50.1% of the company's issued share capital, as well as the Kazakh government's consent to the possible partial offer and decision not to exercise its preemption right to acquire shares in the issuer, according to the agency.

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