Minister: Russia opens ALROSA privatization bidding book
MOSCOW, Jul 6 (PRIME) -- The Russian government has opened a bidding book for a secondary public offering (SPO) to privatize a 10.9% stake in uncut diamond mining giant ALROSA, Economic Development Minister Alexei Ulyukayev told reporters Wednesday.
“Today, the Russian Federation has offered 10.9% of common shares in ALROSA, owned by the federal government, for sale,” he said.
“Moreover, the Russian government will not take any decisions on additional sales of shares in ALROSA owned by the federal government within 180 days after it announces the offer price.”
The government is currently discussing selling ALROSA’s shares at 71 rubles apiece during the SPO, Kommersant business daily reported Monday citing sources.
The Federal State Property Management Agency holds 43.93% in ALROSA, the government of the republic of Yakutia holds 25% plus one share, 8% is distributed among eight Yakutia’s regions, and 23.07% is in free-float.
(64.2676 rubles – U.S. $1)
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