Putin allowed transactions with shares of Polyus and ALROSA
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Russian President Vladimir Putin signed order, allowing transactions with shares of gold mining companies ALROSA and Polyus. The permit covers 50.9 million 110 ordinary shares of ALROSA (0.7% of capital) and 129.7 thousand 736 shares of Polyus (0.1%).
“To allow transactions that entail, directly or indirectly, the establishment, change, termination or encumbrance of the rights of possession, use or disposal,” the text of the document says. The sellers and buyers of blocks of shares are not indicated in it.
ALROSA is Russia’s largest rough diamond producer, accounting for 26% of global and 95% of Russian production. The state owns 33% of the shares.
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