Russia Pushes with Diamond Firm Stake Sale

Reuters reported that Russia is pushing ahead with the sale of its 14% stake in diamond miner Alrosa to raise $1B.

As quoted in the market news:

It plans to sell a stake in diamond miner Alrosa via a share sale and is looking at either a stock placement or sale to a strategic investor for Novorossiisk, said Olga Dergunova, head of the agency, which is part of the Economy Ministry.

Click here to read the full Reuters report.