Russia’s Alrosa: an investor’s best friend? | beyondbrics

Russia’s Alrosa: an investor’s best friend? | beyondbrics:

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Alrosa might be considered the king of diamonds. It is the world’s largest rough diamond producer by volume, with almost 1bn carats of resources.

It’s certainly the king of privatisations, as far as 2013 is concerned. A stake of 16 per cent stake in the company was sold for $1.3bn in an IPO on Monday, making it Russia’s first state privatistion of the year.

The Russian government and the regional government of Yakutia each contributed 7 per cent to the IPO, with a further 2 per cent from the company itself."

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