Alrosa to consider withdrawal from subsidiary Alrosa-Nyurba

Alrosa said on Thursday its supervisory board will consider terminating the Russian diamond miner’s participation in the share capital of Alrosa-Nyurba on September 10 by way of voluntary liquidation of Alrosa-Nyurba.

The voluntary liquidation, in case it gets an approval from Alrosa’s board and then from Alrosa-Nyurba’s board and shareholders, would be completed by the end of 2020, it said.