Report: Leviev Going Public
February 22, 07
According to a report in Mineweb, Israeli diamond magnate Lev Leviev is planning to consolidate his Russian diamond interests and go public. Currently, Leviev operates a full pipeline in Russia – from sourcing diamonds to jewelry retailing.
A Leviev representative, Valery Morozov, told Mineweb he wishes the consolidate firm to be transparent and clear for investors. “In the future we can take the company on to a stock exchange, issue debt paper, or involve bank credits. Different ways for attracting finance will be considered,” he said, adding, “It is necessary to investigate further to judge how the market will accept the new company."
Morozov placed an asset valuation for the consolidated firm at more than $300 million.