Cleary Gottlieb Steen & Hamilton and White & Case have landed leading roles on diamond miner Alrosa's billion-dollar public offering. Through the Moscow listing, Alrosa's owners will sell a collective 16% stake in the company, estimated to be worth around $1.5bn (£930m). The governments of Russia and the autonomous Sakha Republic, where Alrosa is based, will each sell off 7% of the company, while management will sell 2%.
October 10, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
American duo oversee gem miner’s plan to sell off state-owned shares via listing
Cleary Gottlieb Steen & Hamilton and White & Case have landed leading roles on diamond miner Alrosa’s billion-dollar public offering.
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