Date: a month ago   Category: Industry

The Ministry of Finance intends to change estimation of cost of the Kristall plant — Rambler News Service


Photo: Kirill Kallinikov/RIA Novosti the Ministry of Finance plans to make revaluation of the Kristall plant, the Deputy Minister of Finance Alexey Moiseyev on YaMEF sidelines told journalists. "Date of transfer of the plant to ALROSA is not defined. Updating of estimation of cost of the Kristall plant is now made" — Moiseyev answered an appropriate question of RNS. He emphasized that the assessment which is carried out in March, 2018 became outdated. "The matter is that we for some reason slowed down last year. Assessment for March 31 of last year lost relevance. Just yesterday the meeting in Rosimushchestvo was held. The decision to update assessment, including in connection with correction of cost of diamonds and also change of economy of the society is made" — told the deputy minister. In January, 2019 Moiseyev allowed postponement of sale of Kristall whereas earlier it was expected that the transaction can be closed following the results of the I quarter. Earlier the supervisory board of ALROSA recognized as expedient acquisition of 100% of stocks of the Kristall plant which is in federal property. The Kristall plant is located in Smolensk, is the producer of diamonds, largest in Russia.

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