Russia is the IPO of the state diamond company Alrosa before you want to bring to 1.7 billion euros.
EPA
The Russian state diamond company Alrosa could take a media report, a public offering of up to 2.3 billion dollars (1.7 billion euros). Alrosa wants next year 20 to 25 percent of its shares into circulation, reported business daily Vedomosti said on Monday, citing unspecified parties. JP Morgan has estimated the value of the company at 7.3 to 9 billion dollars.
With the proceeds from the IPO should be the reduction of the gem should be encouraged. In September, Alrosa had announced that it expects the current year with revenues of 3.34 billion dollars. Alrosa shares about a quarter of the world's uncut diamond trading.
