The Moscow Times
State-controlled airline Aeroflot may place a stake of 10 percent on the Moscow Exchange next year, as part of the government’s privatization plans, Kommersant newspaper reported Friday.
Aeroflot is one of the companies pinpointed by Russia to be sold in its much-delayed and pared-back privatization plan, originally launched in 2010. According to its latest plans, the government aims to reduce its 51.17 percent stake in the airline to 25 percent plus one share.
The Russian government recently halved its privatization target for next year.
The Aeroflot share sale could raise up to $200 million and should take place on the Moscow Exchange next year, head of the state property agency, Olga Dergunova, said, Kommersant reported.
The stake to be sold will be partly made up of stock held by an Aeroflot subsidiary and partly of shares owned by the government, the newspaper reported.
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