The Russian Direct Investment Fund has gathered a consortium of investors from North America, Middle East, Western and Northern Europe and Southeast Asia to invest in the initial public offering of ALROSA, a Russian diamond company. ALROSA’s IPO valued the company at 257.7 billion ($8.135 billion).
The Russian Direct Investment Fund (RDIF) has attracted a number of leading foreign investors from North America, Middle East, Western and Northern Europe and Southeast Asia into a consortium to invest in the IPO of ALROSA, a Russian diamond company. The participation of the consortium contributed to the success of the IPO of ALROSA, which was valued at 257.7 billion roubles ($8.135 billion).
ALROSA is the largest diamond producer by output in carats, supplying world renowned jewelers, and one of the few publicly traded miners focused purely on extraction and distribution of diamonds. The company’s main mines are located in Russia’s Far East, a region attracting significant interest from foreign investors.
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Russian Direct Investment Fund (RDIF) was established in June 2011 to make equity investments primarily in the Russian Federation. RDIF’s management company is a 100 per cent subsidiary of Vnesheconombank. In each investment it makes, RDIF is mandated to secure co-investment that as a minimum matches its commitment, thus acting as a catalyst for direct investment into the Russian economy. Additional information is available at www.rdif.ru.