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Russia’s Alrosa to hold US, UK investor meetings ahead of stake sale

Reuters | May 27, 2016 | 12:30 am Europe Diamond 

Russian diamond miner Alrosa will hold investor meetings in the United States and the United Kingdom in June ahead of a stake sale, a Sberbank executive said on Friday.

The Russian government aims to make more than 60 billion roubles ($909 million) from selling a 10.9 percent stake in Alrosa, with the sale taking place on the Moscow Exchange this year.

The US and UK meetings were “to invite a wide range of those who are interested in (privatisation)”, Sberbank First Deputy Chairman Maxim Poletayev said.

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