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Kerimov Urges Sale of Alrosa
May. 14, 2012 01:31PM PST
Gem InvestingBloomberg reported Suleiman Kerimov urged the government to offer 51 percent of diamond miner OAO Alrosa under its asset sale program.
Bloomberg reported Suleiman Kerimov urged the government to offer 51 percent of diamond miner OAO Alrosa under its asset sale program.
As quoted in the market news:
Kerimov aimed to buy the controlling stake in Alrosa, merge it with BHP Billiton Ltd. (BHP)’s diamond assets and hold a public offering of shares in the combined company, the Moscow-based newspaper said.
Alrosa said March 16 its board recommended a gradual sale of the state’s interest, starting with a 14 percent stake.
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