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Diamond Monopoly Privatization
20.06.2011 13:27
Diamond Monopoly Privatization

Russia is going to sell 10% stake in Alrosa, Russia's largest diamond company by 2012-2013. 

      "We will sell stakes step by step. In the next three years it is impossible to sell all the part of the copmany, the market should be prepared first, we should improve the quality of the assets, increase capitalization and sell at the peak of price, so we have a lot of work", said Alexei Kudrin, Finance Minister. He also added, that the government should maintain a blocking stake in Alrosa. 

      Alrosa is a diamond miner,  located primarily in the Sakha Republic region. Alrosa accounts for 25% of the world's rough diamond supply and 97% of Russia's rough diamond production.



Author: Ksenia Dzhalagonia

Tags: Russian companies Russian business    

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