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HONG KONG, May 19. /TASS/. Chinese investors are showing interest in the privatization of 10.9% of shares of Alrosa, the company’s president Andrey Zharkov told reporters.
"As part of the working visit of Deputy Prime Minister of Russia and presidential envoy in the Far East Yuri Trutnev we made a presentation of Alrosa to Chinese investors. The government recently adopted the decision to privatize a 10.9% stake in Alrosa this year. Therefore, we held there something similar to the non-deal road show for the presentation of the company and we see a potential interest of Chinese investors to the company, the possibility of acquisition of its shares," Zharkov said.
He did not name any particular Chinese companies.
According to Zharkov it is likely that the stake will not be sold entirely to one investor.
"It is a public offering. As part of public offering different investors show their demand for a certain volume. I don’t think that these are strategic investors. But we did not discuss these details today. Our task is to do the right marketing, to tell investors about the company," Zharkov said.
Alrosa is engaged in the exploration, extraction, production and sale of diamonds. It produces diamonds in the Republic of Sakha (Yakutia) and the Arkhangelsk region.
The largest shareholders of Alrosa are the Russian government (43.9%), Russia’s Republic of Sakha (Yakutia) - 25%, ulus of Yakutia - 8%.
In 2015, Alrosa produced 38.3 million carats of diamonds, sales totaled 30 million carats. Revenues from the sale of diamonds in the past year are estimated at approximately $3.4 billion.