AEON Corporation agreed to acquire a 22.4% stake in Petropavlovsk PLC (LSE:POG) from Kenges Rakishev on July 16, 2019. Petropavlovsk reported $499.8 million of revenue and $25.9 million of net profit. The deal is subject to regulatory approval and expected to get closed in the end of July 2019. Suren Gortsunyan and Konstantin Mineev of Rybalkin, Gortsunyan & Partners, Michael Damianos of Michael Damianos & Co, Aituar Madin of Zan Hub and Robert Boyle, Richard Fletcher, Christopher Orford and Willam Sykes of Macfarlanes acted as legal advisors to AEON. AEON Corporation cancelled the acquisition of 22.4% stake in Petropavlovsk PLC (LSE:POG) from Kenges Rakishev on July 16, 2020.