January 12, 2018 / 3:41 PM / 9 months ago

BRIEF-Russia's Alrosa secures 8.2 pct stake in Angola's Catoca

Jan 12 (Reuters) - Russia’s diamond miner Alrosa says:

* Has received approval from Angolan President Joao Lourenço to expand its stake in Angolan diamond producer Catoca.

* The deal will see Alrosa acquire a 8.2 percent stake in Catoca, via its daughter company Wargan Holdings Ltd, for $70 million. Further company coverage: (Reporting by Moscow Newsroom)

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