ALROSA Co. Ltd. has closed a deal of sale of its equity interest in ZAO Geotransgas and OOO Urengoyskaya Gazovaya Kompania (Urengoy Gas Company). The transaction amount is USD 620 m. ALROSA’s exclusive financial adviser in this deal was VTB Capital.
The sale of non-core assets is part of ALROSA’s program aimed at reducing its debt portfolio. All the proceeds from this transaction have been used for repayment of the Company’s debts. During the last quarter ALROSA has reduced its total loan portfolio by RUR 30 billion.