Russia 2018: ‘We have nothing to hide’ in World Cup bid investigation
That accounts for a market value of just over $8 billion, based on current trading, compared with the target valuation implied by the share sale, according to a banking source, of between $10 billion and $11 billion. A separate source familiar with the deal said Alrosa was targeting a valuation of more than $10 billion. Alrosa declined to comment, though in May CEO Fyodor Andreev put the value at between $9 billion and $15 billion. The target valuation is between 38-44 roubles per share, said another banking source, and 40-47 roubles per share, according to a separate banking source. This would put the stake sale in a $1.4-1.8 billion range. Alrosa’s shares rose 6 percent to 38.5 roubles on Wednesday. “The asset is unique – at the moment Alrosa has no direct peers among public companies,” Barclays Capital analyst Vladimir Sergievsky said. De Beers, Alrosa’s most direct competitor, delisted in 2001 and is now 85 percent owned by Anglo. “Investors who buy Alrosa shares will get exposure to the consumer sector, which is unusual for mining companies. Demand should be good.” Analysts also point to a positive outlook for diamond prices in the longer term, with demand expected to outpace supply towards the end of this decade, as existing mines age with new deposits unlikely. The last major mine was discovered in 1997. The roadshow ahead of the sale is expected to start around Oct.
UPDATE 4-Russia to cut stake in diamond miner Alrosa
President Vladimir Putin said last week that he doesn’t think the Greenpeace activists are pirates, which triggered hopes for their release. But Prime Minister Dmitry Medvedev on Wednesday urged energy companies to adopt more stringent security measures and said the government should consider tougher penalties for those who attack or trespass on the grounds of Russian oil and gas infrastructure. “Concern for the environment must not cover up unlawful actions, whatever lofty goals the people who were taking part in them espoused,” Medvedev was quoted by Russian news agencies as saying. The platform, which belongs to Gazprom’s oil subsidiary, is the first offshore rig in the Arctic. It was deployed to the vast Prirazlomnoye oil field in the Pechora Sea in 2011, but its launch has been delayed by technological challenges. Gazprom said in September that it was to start pumping oil this year, but no date has been set. The investigators said that the Greenpeace ship, the Arctic Sunrise, had violated the 500-meter (500-yard) security zone around the platform and that it was carrying equipment whose purpose was still unclear. Greenpeace has insisted that its ship stayed out of this zone and that the inflatable boats used by activists to reach the platform posed no danger. The activists charged on Wednesday were called into the offices of the Investigative Committee separately and presented with the formal charges in the presence of their lawyers, Greenpeace said. The Investigative Committee, Russia’s main investigative agency, did not immediately announce the charges. SHARE 8 CONNECT 31 TWEET 4 COMMENTEMAILMORE Copyright 2013 The Associated Press.
Im not there to make a difference, Zawadzki said of the Sochi Games, should she earn a spot on the 2014 U.S. squad. I want to focus on myself and what I have to do well to compete well at the Olympics. Two-time U.S. figuring skating champion Ashley Wagner , 22, a Potomac graduate, spoke earnestly, conceding she was nervous discussing the issue given that she was just an athlete but was determined to do so as someone with gay family members and many friends in the LGBT community. I have such a firm stance on this, said Wagner, who narrowly missed the 2010 Vancouver Games . I really believe we all should have equal rights. I obviously do not support the legislation in Russia, but its not my place to go into Russia and tell them how to run their country. Signed by President Vladimir Putin in June, the law lays out heavy penalties for those deemed to promote homosexuality to anyone under 18. It has been sharply criticized by human rights activists worldwide, some of whom have called for a boycott in response. And its breadth and ambiguity have raised concern among many planning to attend the Sochi Games, whether as athletes, coaches, relatives and supporters or journalists, given confusion over what sort of statement constitutes propaganda under the law. A gay-pride march? A rainbow flag? A reasoned debate within earshot of anyone under 18? On Thursday, former Olympic skier Jean-Claude Killy, chairman of the IOCs coordinating commission, said that the Russian law didnt violate the Olympics anti-discrimination principles. In the view of U.S.
U.S. Olympians address Russia anti-gay law in advance of 2014 Sochi Games
Michael Garcia, a former New York attorney, is head of the investigative arm of FIFA’s ethics committee and will visit all of the countries involved in the bidding process for the two tournaments, beginning in London next week. Garcia has always insisted he is completely independent from FIFA and would not hesitate to take action against president Sepp Blatter or other top FIFA officials if he found evidence that they broke the rules. Qatar 2022: Too hot for football? Winter World Cup in 2022? Are Qatar 2022 migrant workers abused? Qatar ‘slave state’ for World Cup workers The head of media for Russia 2018 says the committee will co-operate fully with Garcia’s fact-finding investigation. “We can confirm the local organizing committee (LOC) will fully support Mr Garcia’s work if he contacts us,” read a statement issued to CNN. “The Russia 2018 committee ran a bid campaign in full compliance with FIFA rules and ethics, and we were awarded the right to host the FIFA World Cup because of the unique and compelling proposition we put together. “The LOC continues to conduct itself with exactly the same degree of transparency, commitment to excellence and spirit of fair play.” Blog: Can the Qatar World Cup be moved? How and where Garcia’s potential meeting with Russia takes place is open to question given in April he was one of 18 people barred from entering the country over what Moscow said were human rights abuses, linked to the lawyer’s arrest and charging of Viktor Bout, a Russian, who is serving a 25-year prison sentence in the U.S. for arms trafficking. News of Garcia’s investigation came ahead of FIFA’s executive committee in Zurich on Thursday and Friday where it will discuss the possibility of moving the 2022 tournament from the usual June and July slot to December. “I will conduct interviews in various places and I hope that those who have some information, even if they are not obliged to give me some, will agree to talk to me,” Garcia told France Football magazine.
Russia charges 14 from Greenpeace ship with piracy
It is utterly irrational, it is designed to intimidate and silence us, but we will not be cowed. Those charged with piracy Wednesday include Kieron Bryan, a British videographer who was documenting the protest, and Dmitri Litvinov, an activist with Swedish and American citizenship, as well as the ships doctor and cook. The captain, Peter Willcox, is an American who was captain of Greenpeaces Rainbow Warrior when it was blown up by French security agents in 1985 during a journey to protest French nuclear weapons testing in the Pacific. Naidoo called the arrests the most serious threat to Greenpeaces peaceful environmental activism since that time. In an interview on Ekho Moskvy Radio on Wednesday, Shevchuk, the rock singer, dismissed the piracy charges as ridiculous. The whole world knows Greenpeace, he said. Greenpeace is the organization that helped save the Antarctic. . . and penguins and scientists live there happily. And what about saving whales! Then he said he had a secret to reveal: He had planned to sail with the ship himself. He had even bought warm clothes. He had a ticket to Norway, where he would meet the ship. At the last minute, he said, family reasons prevented him from going. I am really sorry about it, he said. They are hooligans, of course, he quipped about the activists, apparently likening them to the three young women convicted of hooliganism last year for singing a protest song in Moscows main cathedral.