Ministry of Property and Land of Republic Sakha (Yakutia) tabulated results of the auction on disposal of ordinary shares in OJSC Tujmaada Diamond, Mergers.ru reported citing a statement by the Government of Yakutia.
The auction involved the sale of 2,776,473 ordinary shares, owned by Ministry of Property and Land of Republic Sakha (Yakutia), comprising 59.07% of the company’s registered capital.
Starting price for the shares put for sale was set at 23,333,000 rubles which was equivalent to 8.40 rubles per share, subject to valuation conducted by independent company Profocenka Ltd.
Yakutian Diamond Company Ltd. has become the winner of the auction having offered 24,499,650 rubles for the lot (following one bidding step of 1,166,605 rubles).
The auction was organized in compliance with the order of Government of Republic Sakha (Yakutia) dated 09 July, 2012 #699-p on the terms of privatization of state-owned property of Republic Sakha (Yakutia), and the appropriate decision on the terms of privatization of 59.07% shares of OJSC Tujmaada Diamond taken by Ministry of Property and Land of Republic Sakha (Yakutia).
Exclusive
Sarine’s David Block: Diamond Industry at Standstill Until Chinese Demand Returns
David Block is CEO of Israel’s Sarine Technologies and has served in the position since 2012. In this exclusive interview for Rough and Polished, Block gives his opinion on the leading issues affecting today’s diamond trade.
11 september 2024
Dr M'zée Fula Ngenge: Demand for considerable-sized diamonds stronger than ever
The African Diamond Council (ADC) chairperson Dr M'zée Fula Ngenge told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although overall global diamond prices have been somewhat soft, the demand for considerable-sized diamonds...
02 september 2024
Amplats sees prospects as a standalone company
Anglo has revealed its plans to demerge Anglo American Platinum (Amplats), which has operations in South Africa and Zimbabwe, to optimise shareholder value. Rough&Polished contacted Amplats to comment on this and other issues but was referred...
19 august 2024
WFDB President Yoram Dvash Remains Confident Despite Global Diamond Challenges
Yoram Dvash is President of the World Federation of Diamond Bourses (WFDB) having been elected in 2020. He found time in his busy schedule to speak to Rough&Polished about the state of the diamond industry around the world and some of the major...
12 august 2024
Lyudmila Vysotskaya: Amber is a mystical stone, a living substance
Lyudmila Vysotskaya is a Kaliningrad-based amber artist and designer, expert, chairwoman of the Amber Academy and member of the Creative Union of Artists in Decorative and Applied Arts. This summer, visitors could admire the art works by Lyudmila Vysotskaya...
30 july 2024
