Alrosa sets up African asset manager
Russian diamond monopoly Alrosa has decided to set up a 100% subsidiary in the form of a holding to run its assets in Africa, the company announced.
Alrosa, which accounts for 25% of global diamond output, reported earnings of $2.86 billion last year. Its shareholders are the Federal Property Fund (37%), legal entities (23%), and authorities in diamond-rich Yakutia region (8%). (rian.ru)
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