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15 AUGUST 2003  

ALROSA has found money

As Vedomosty publishes, Russian diamond monopolist ALROSA has devised the method of the Lomonosov deposit financing. The subsidiary of ALROSA — Severamaz Company — will attract ING Bank credit for $100 mln. ALROSA plans as well to place a part of Severalmaz Company’s shares at alternative platform of London Bourse. This news was an unpleasant surprise for British Fleming Family & Partners Investment Fund — this company intended to buy 43% of Severalmaz shares and to organise financing of the Lomonosov deposit exploitation.



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