About 70% of the company's SPO volume was distributed among foreign investors. The total estimate of the company was 478.72 billion rubles. (USD 7.45 bln) based on a share price of 65 rubles at a 5.4% discount to the market.

The main buyer of 50% of the placement was RDIF (Russian Direct Investment Fund) in partnership with Middle Eastern, Asian and Western funds, as well as American investors. Despite the discount, analysts evaluated the high demand - the book of orders under SPO was resigned almost twice.

According to Kommersant sources, the sale price of 10.9% of the shares at 65 rubles was approved back on July 8 at meetings with the head of the Ministry of Economy Alexei Ulyukaev and First Deputy Prime Minister Igor Shuvalov. The official announcement and trading on the Moscow Stock Exchange are to be held today, with an increased stake (ALROSA's free-float will amount to 34%).

Earlier, Minister Ulyukaev allowed for step-by-step privatization of 18.9% of ALROSA (Rosimuschestvo had 43.9%), which was opposed by the RF Ministry of Finance. Within the framework of Vladimir Putin's May edicts it was allowed to reduce the share of the state to 33.001%. The Russian Federal Property Management Agency, ALROSA, the Secretariat of Igor Shuvalov, Sberbank CIB and VTB Capital (SPO organizers), as well as the Ministry of Economy and Finance abstained from comments on this issue.

As stated by BKS analyst and broker Oleg Petropavlovsky, interest in ALROSA is obvious, as the company is the second, after NorNickel, industry leader with very low costs and good financial performance. For comparison, De Beers has an EBITDA margin ($ 990 million) in 2015 - 21%, ALROSA - 53% with EBITDA of 118.5 billion rubles. (about $1.9 billion at the Central Bank rate). In this case, a 5.4% discount is the norm, but according to the analyst, it "may not have happened, given the upside of securities not less than 20%.