BNP Paribas Investment Partners S.A reduced its stake in Britain's Petropavlovsk Group to 2.98% from 3.02% on Monday, the London Stock Exchange website said.
Petropavlovsk, listed on the London Stock Exchange, owns steel and gold mining assets in Russia, including Petropavlovsk PLC (formerly Peter Hambro Mining).
The new deal was struck on February 4 and Petropavlovsk Group was notified on February 7.
BNP Paribas's voting shares in Petropavlovsk shrunk to 5.600 million shares from 5.653 million.
On January 18, BNP Paribas., a Russian leader in asset management in private and corporate banking, raised its stake in Petropavlovsk Group to 3.02% from 2.94%.
MOSCOW, February 7 (RIA Novosti)
