Alrosa goes local for $1.4bn with offer of rare diamonds
Russia launched an up to $1.4bn privatisation of Alrosa, the world's largest diamond miner, on Wednesday morning, testing new capital markets reforms in the country and offering rare exposure to the sector.
The deal will put 16% of the company into freefloat, and is expected to be worth $1.2bn-$1.4bn.
Comparable companies are difficult to find, with most other pure play diamond firms much smaller and based in Canada. Investors will likely look at more diversified firms, such as Anglo
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