Alrosa May Spend $190 Million on Gas This Year, Vedomosti Says

OAO Alrosa, Russia’s diamond producer, may spend 5.6 billion rubles ($190 million) developing natural gas assets this year to make them more attractive for sale, Vedomosti said, citing company documents.

The company may also simplify its holding structure, placing it directly under Alrosa’s ownership rather than offshore structures, Vedomosti reported.

To contact the reporter on this story: Stephen Bierman in Moscow at sbierman1@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net