Published: October 28, 2013
Russian Direct Investment Fund (RDIF) leads consortium to take ALROSA share.
The Russian Direct Investment Fund (RDIF) is leading a consortium of partners to invest in the IPO of ALROSA, a Russian diamond mining company. The partners include big institutional investors from North America, the Middle East, Northern Europe and Southeast Asia. The extent of their involvement is unconfirmed.
State-owned ALROSA’s offering has reportedly raised US$1.3bn – at the bottom end of the guidance range. The company, whose mines are located in the Far East of Russia, is the world’s largest diamond producer by output in carats.