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Russian gold producer GV Gold has hired investment banks, including Goldman Sachs, to advise on a potential London and Moscow initial public offering (IPO) in the second quarter, which would value it at up to $2 billion, two sources close to the matter said.

The miner, backed by shareholders including U.S. fund BlackRock BLK.N with a 20% stake, has been considering going public since 2018, but only in the past few months has it engaged with investment banks, the sources said.


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