Alrosa to sell 16 percent of its shares
(MENAFN) The worlds leading diamond producer, Alrosa, said that it intends to sell 16 percent of the shares held by the Russian government in a privatization bid, The Peninsula Qatar reported.
The price of total shares to be floated is estimated to be between USD1.4 billion and USD1.6 billion.
The companys CEO said: "We expect that the offering will help to reinforce our unique position in the global diamond industry."
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