Russia Forecasts $900 Million Income From ALROSA Share Sale

Finance and Trade
23/05/2016 12:10

Russia forecasts receipts of around $900 million (RUB 60 billion) from the sale of 10.9% of its shares in the giant diamond miner ALROSA, the country’s news agency TASS cited a minister as saying. “Today on the market it [the value of the 10.9% holding] is a little more than RUB 60 billion,” TASS cited Economic Development Minister Alexey Ulyukayev as saying in an interview with the Rossiya 24 television channel, Rapaport reported. “I do not rule out that by the time the transaction is closed the market conditions will improve further,” Ulyukayev added.