ALROSA Supervisory Board Approves Gas Assets Auction Sale

(IDEX Online) – ALROSA's Supervisory Board has approved the sale of its gas assets at a public auction. Key terms and criteria for the sale also received a green light.

All of the diamond miner's shares in Maretiom Investments Limited and Velarion Investments Limited which hold 100% of the shares in JSC Geotransgaz and Urengoy Gas Company LLC will be auctioned as a single lot, ALROSA said.

Auction participation applications will be accepted from today until January 29, 2018, with the auction taking place on February 19, 2018.

The reserve price is set at RUB 30 billion with bidding steps of RUB 100 million.