March 4, 2021 – In the 12 months of 2020, ALROSA Group completed the disposal of seven non-core assets for a total amount of about RUB 2.2 billion. During the implementation of the program in 2013-2020, the Group earned over RUB 52 billion from their sale.
The objects that were not sold, including due to the pandemic, are included in the 2021 plan. Such is the case of an administrative building in Moscow and 100% of the shares in LLC Lensk Heat and Electric Power Line Enterprise.
Since 2013, ALROSA has been implementing a non-core assets disposal programme designed to increase the Group’s economic efficiency, improve the quality of governance and focus the management’s attention on core activities. ALROSA’s Supervisory Board revises the register of assets for disposal every year.