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Oppenheimer, Lazard Said to Be Among Buyers of Alrosa Shares

  • Russia raises 52.2 billion rubles from 10.9% stake sale
  • Mubadala, Charlemagne, ADIA said to have bought shares
Updated on

Oppenheimer Funds Inc., the asset management unit of Lazard Ltd. and sovereign wealth investors were among buyers of shares in Alrosa PJSC in Russia’s biggest state-asset sale in three years, according to two people with knowledge of the deal.

Mubadala Development Co. PJSC, Abu Dhabi Investment Authority and Charlemagne Capital Ltd. also took part in the offering, said the people, who asked not to be identified because the information isn’t public. The sovereign Russian Direct Investment Fund also bought a "small" stake, it said in a statement, without disclosing the size. Russia raised 52.2 billion rubles ($813 million) in the sale of 10.9 percent of the diamond miner, the government said on Monday.