Putin allows sale of 0.7% in ALROSA, 0.1% in Polyus

MOSCOW, Dec 8 (PRIME) -- Russian President Vladimir Putin has permitted sales of a 0.7% stake in diamond mining giant ALROSA and 0.1% in gold producer Polyus, according to a ruling published on Thursday.

The ruling says Putin allowed the sale of 50,923,110 ordinary shares of ALROSA and 129,736 ordinary shares of Polyus, but neither the buyers nor the sellers of the shares were disclosed.

The Russian government owns a 33.03% stake in ALROSA, the republic of Yakutia has 25% plus one share, districts of the republic own 8%, the free float is about 34%. The fund for support of Islamic companies owns 46.35% in Polyus, while a company of Donugol’s controlling shareholder Akhmet Palankoyev has 29.99%, the company’s management has 0.94%, the quasi-treasury stake is 0.47%, and the free float amounts to 22.25%.

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