President of Republic Sakha (Yakutia) Egor Borisov considers it expedient to privatize up to 14% share in OJSC AK ALROSA in the third or fourth quarter of 2013, RosBusinessConsulting reported citing a statement released at the website of Borisov.
The authorities of Yakutia deem the option of gradual sale of part of shares in diamond company ALROSA as more acceptable. Subject to the current global market environment, disposal of 7% shares from the assets owned by either Republic of the federal centre in the third or fourth quarters of 2013 might be the best solution, according the statement.
Previously Minister of Economic Development Andrey Belousov told journalists, that privatization of a share in AK ALROSA would be conducted in 2013 rather than in 2012.
“I am sure we won’t meet the timing, however I suppose we will manage to place one or another share at the market next year,” – Belousov said in November, having declined to clarify whether this might take place in the first quarter of 2013.
In October 2012 Ministry of Economic Development reported that the government suggested privatization of 7-14% in ALROSA in 2013 within the scope of IPO with the yield of RUB 12-24 billion.
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