Investors from Russia bought 35% of the volume of ALROSA, the same acquired European investors, said RBC managing Director equity capital markets “VTB Capital” Boris Kvasov. Another 25% was bought by funds from the Middle East and Asia, has transferred “Interfax” with reference to Kvasov.
The remaining 5% of the outstanding shares were bought by American investors. “The demand from us investors was lower at the 5% level. This is much less than in 2013, when was the IPO of ALROSA,” said Kvasov RBC.
According to first Deputy Prime Minister Igor Shuvalov, on Friday it was clear that the interest of American investors to the transaction are minimal. “But we think it’s okay. This, of course, not solely the factor of sanctions. We understand that there are many reasons why this is happening. But the important thing is that, despite the different attitude of different investors, the transaction as a whole failed,” — said Shuvalov. He said that middle East funds involved in the transaction together with the Russian direct investment Fund (RDIF).
Overall a good demand for shares in ALROSA “VTB Capital” explain the fact that after SPO, the company falls into the category of blue chips. “It increases liquidity to grow its share in international indexes that have a positive impact on a company’s capitalisation,” explained Kvasov. According to him, among all investors, the share of NPF had 20% of the shares sold.
The government sells 10.9% of ALROSA shares at a price of RUB 65 per share, stated in the decree of Prime Minister Dmitry Medvedev. Thus, the Federal budget will receive 52.2 billion rubles.
Rating 65 RUB 3.8% below the close of Friday’s trading securities ALROSA on the Moscow exchange (67,55 RUB per share) and 6% below the average cost of the company for the last six months, according to the calculations of Bloomberg.
On Monday morning, after the disclosure of the details of privatization of its shares of ALROSA on the Moscow exchange expensive. According to 11.56 GMT by 2.8% to 69.5 RUB per share.