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Russia Eyes $898M from ALROSA Privatization

May 23, 2016 4:55 AM   By Rapaport News
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RAPAPORT... Russia expects it will get more than $898.4 million (RUB 60 billion) from a sale of shares in ALROSA, the country’s news agency TASS cited a minister as saying.

The government is planning to sell a 10.9-percent stake in the diamond miner this year.

“Today on the market it is a little more than RUB 60 billion,” TASS cited Economic Development Minister Alexey Ulyukayev (pictured) as saying in an interview with the Rossiya 24 television channel.

“I do not rule out that by the time the transaction is closed the market conditions will improve further,” Ulyukayev added.

Tags: Alexey Ulyukayev, Alrosa, M&A, mergers and acquisitions, privatization, Rapaport News, Russia
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