Joint-Stock Company AK Altynalmas (KAS:ALMS) agreed to acquire Aktogay Mys LLP from Polymetal International Plc (LSE:POLY) and Dolphinflip Co Limited for $33.5 million on March 6, 2018. As per the terms of acquisition Polymetal International Plc and Dolfinflip Co Limited agreed to sell 50% each. Transaction is subject to statutory and customary conditions. Transaction is expected to close second quarter of 2018. Oxana Balayan, Leonid Ervits and Maria Kazakova of Hogan Lovells (CIS) acted as legal advisors to Polymetal International Plc.

Joint-Stock Company AK Altynalmas (KAS:ALMS) completed the acquisition of Aktogay Mys LLP from Polymetal International Plc (LSE:POLY) and Dolphinflip Co Limited on May 4, 2018. As of June 11, 2018, Eurasian Development Bank provided a seven-year loan facility of $36.5 million for the acquisition.