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ALROSA sold its insurance company

ALROSA sold its insurance company to SOGAZ for 620 million rubles. Xnumx

ALROSA sold 99,74% of its subsidiary insurance company - LLC Insurance Company ALROSA - to SOGAZ for 620 million rubles. This is stated in the message of ALROSA, published by RBC.

The sales contract was signed today, and the money of the diamond mining company has already been transferred.

As noted in the company, the sale of the insurance company took place as part of a program to exit non-core assets and concentrate on the diamond mining business. “The change of ownership of the insurance company will not affect the execution of the current insurance contracts,” the press service said.

The supervisory board of ALROSA decided to sell the insurance company in March 2014.

IC "ALROSA" is engaged in insurance protection of corporate and private clients. Among the company's clients are enterprises and companies of the ALROSA group, companies in the jewelry industry, large industrial enterprises, small and medium-sized enterprises of various industries, banks, leasing companies, car dealerships. According to the results of the first half of the year, according to the Bank of Russia, the amount of fees collected by IC ALROSA is 433,8 million rubles. (106-e place in Russia), and payments - 134,2 million rubles.

AK "ALROSA" is engaged in the exploration, extraction, production and sale of diamonds. The main shareholders of the company are the Russian Federation (43,9%) and Yakutia (25% plus one share). 8% of AK ALROSA shares belonged to the Yakut uluses. During the IPO in 2013, large packages of the company were acquired by the Lazard and Oppenheimer funds, RDIF, NPF Blagosostoyanie. Free float - about 23%.

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