Moscow Times 29 May 2013
National air carrier Aeroflot could soon take over one of three of its main competitors, Transaero, UtAir, or Sibir, a news report said Tuesday.
No specific decisions have been made yet, but according to a government source, Aeroflot’s consolidation with Sibir is seen as the most likely, Vedomosti reported.
The source said that if the offers for a 25.5 percent stake in Sibir are too low, the package could be given to a state company, possibly Rostech or Aeroflot, which would then make preparations for the takeover.
The starting price is 1.1 billion rubles ($35 million), according to Alpha Bank, which is organizing the sale, and the results of the tender will be announced on Thursday.
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Aeroflot Could Take Over Sibir Airlines
