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The Supervisory Board of ALROSA approved the purchase of 10% of shares of ALROSA-Nyurba from Yakutia

The Supervisory Board of ALROSA 21 considered and approved the increase in the share in the authorized capital of PJSC "ALROSA-Nyurba" to 97,49%, XNUMX%, the press service of the diamond mining group said on Monday.

"Currently, ALROSA is negotiating with the leadership of the Republic of Sakha (Yakutia) on the possibility of acquiring an 10% stake in ALROSA-Nyurba. The repurchase of a stake in the enterprise for us is a logical step on the way to consolidation of the core production assets on ALROSA's balance sheet, which will positively affect the company's operational efficiency and investment attractiveness. We expect to close the deal in the first half of the year 2018, "the words of ALROSA CEO Sergey Ivanov are quoted in the message.

PJSC "ALROSA-Nyurba" was established in 1997 to develop the Nyurba and Botuobinsk deposits in Yakutia. A group of Nyurbinskoye fields (the Nyurbinskaya and Botuobinskaya pipes, as well as the same-named placers) in 2017 provided production of 7,7 million carats of rough diamonds (19% of the Group's production). "ALROSA" owns 87,48% of the company's shares, 10% belongs to the Republican JSC "RIK-Plus" (the share is included in the forecast plan of privatization of the state property of Yakutia), another 2,523% from minority shareholders.
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