The government decided to sell a 10.9% almostalive ALROSA during the placement on the Moscow stock exchange, told the newspaper Vedomosti, citing close to the company man and two Federal officials. According to two interlocutors of the edition, the draft decree “to reduce the share of Russian property Fund in to ALROSA by 10.9% already submitted to the presidential administration”. Terms of sale package they did not elaborate.
One of the interviewees said that the additional emission is not expected. The Agency expects to receive from the transaction “more than 50 billion rubles”, said another source, “Vedomosti”.
The interlocutors also reported that the banks still have to formally define a strategy for the privatization of shares in state-owned companies. They did not specify, will there be any changes in the government’s decision, if the coordinator of the transaction, the savings Bank will recommend another option.
Previously, the newspaper, considered the option of selling the package to a strategic investor. In particular, interest has been shown by structures of Suleiman Kerimov, as reported by those familiar with the businessman interlocutors, as well as “Renova” Viktor Vekselberg. However, in charge of the far East Deputy Prime Minister Yuri Trutnev expressed doubts that the package will be of interest to a strategic partner. ALROSA also argued for the privatization of the public.
The Federal official noted in conversation with the publication of that strategy makes no sense. According to him, the award for such a small package not to, and the process will be less transparent, and “to him will be more questions.” “This [the shares of ALROSA] liquid blue chip, and in 2013 [in the IPO] was a huge demand,” said another official.
“Vedomosti” noted that according to the quotations on closing of the Moscow exchange 26 APR of 10.9% of ALROSA was worth 59.6 billion RUB.
In early 2016 the Russian government announced the “big privatization”, stating the intention to gain from the sale of major state assets 1 trillion over two years. The plan this year, selling 19.5% stake in Rosneft, a 50.1% Bashneft, 10,9% — VTB and ALROSA.