Min: Russian govt mulls selling 10.9% or 18.9% in ALROSA
MOSCOW, Mar 1 (PRIME) -- The Russian government is considering selling a 10.9% or an 18.9% stake in uncut diamond monopoly ALROSA, Economic Development Minister Alexei Ulyukayev told reporters Tuesday.
“I think we have a choice between 18.9% and 10.9%. There are both pros and cons – I would not exclude any of these options now,” he said.
He also said the state stake was mostly likely to be sold on the Moscow Exchange.
“But I do not rule out other possibilities as well, because we should listen to consultants attentively,” he said.
Finance Minister Anton Siluanov said on Monday the government was discussing selling a 10.9% stake in ALROSA to keep control over the company at the government, but could sell an extra stake in 2017–2018.
The Federal State Property Management Agency holds 43.93% in ALROSA, while the government of the republic of Yakutia holds 25% plus one share, an 8% stake is distributed among eight Yakutia’s regions, and 23.07% is free-float.
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