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    Alrosa diamond firm may hold IPO at end of 2012

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    Russia's state-owned diamond monopoly Alrosa may hold an initial public offering at the end of 2012 or the beginning of 2013, Vice President Igor Kulichik said on Friday.

    Russia's state-owned diamond monopoly Alrosa may hold an initial public offering at the end of 2012 or the beginning of 2013, Vice President Igor Kulichik said on Friday.

    "We are right at the beginning, our shareholders are discussing how to do it and when. It is likely to take place at the end of 2012 or the beginning of 2013. It is likely to be a joint deal with an IPO and a Secondary Public Offering," Kulichik told an investment forum.

    He also said that Russian authorities should decide on the scale of privatization first, adding that the company was doing its best to maximize its value.

    The government plans to privatize a stake in Alrosa in 2012-2014 and to withdraw from the company's capital completely by 2017.

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