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Alrosa Share Offering Attracts Oppenheimer, Lazard Funds

OAO Alrosa, Russia’s diamond producer, raised about $1.3 billion in an oversubscribed share sale from investors including Oppenheimer Funds Inc. and Lazard Ltd.'s asset-management unit, First Deputy Prime Minister Igor Shuvalov said.

“The fact that the deal was oversubscribed and the quality of investors is proof that the sale went successfully,” Shuvalov said today in Moscow.