During the placement of ALROSA shares the Federal property management Agency has sold is 10.9% ALROSA for 52.2 billion rubles, said a source close to the placement. This is 3.8% below the close of Friday trading on the Moscow exchange (67,55 RUB per share).
According to the source, one of the buyers was the Russian direct investment Fund (RDIF). Earlier, a source familiar with the SPO indicated that the FUND could provide more than 50% of the offering volume.
Last Friday, Bloomberg and Reuters reported that during the placement of ALROSA shares was estimated at RUB 65 per share or 52.2 billion rubles ($816 million) at 10.9%. This was confirmed by three of the financier close to the accommodation, and a source close to the organizers.
The book of applications for purchase of ALROSA shares was opened on Wednesday, July 6, immediately after the end of trading on the Moscow exchange. According to the financier, familiar with the host, the week before the first Deputy Prime Minister Igor Shuvalov held a meeting, which was agreed to prior stock price — 65 RUB Is the consensus that satisfied the FUND, which was ready to buy about 70% occupancy, and foreign funds — minority shareholders of ALROSA are: Oppenheimer, Genesis and Lazard, claimed the source .
The bid book was closed on Friday, July 8, at about 16:30 GMT. The placement was held in the format of an accelerated bookbuild. As told to a financier familiar with the plans for placement, this should allow to significantly reduce the time on the transaction, which is in the normal mode may take from several days to two to three weeks.
The interest to participate in privatization reported several large NPF, including funds, included in the group Boris mints, NPF of Sberbank, NPF VTB and the funds that are included in the pension group “Safmar” Mikhail Gutseriev and Mikhail Shishkhanov.