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The government of Republic of Yakutia has agreed to sell its 7% shares of Alrosa. In 2012-2014 the government plans to privatize 14 % shares of Alrosa (7% of federal stock and 7% of republican stock). By 2017 the government is to leave the company’s capital wholly. The total privatization, according to the Russian President, is to improve the investment climate in the country and bring much funds to the budget.
The Head of Yakutia, Egor Borisov, stands for remaining Alrosa under government control. He considers that 25 % shares plus one share should be fixed by federal budget and the same share by Yakutia.
Author: Irina Fomina
