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Russia is preparing to sell its state stake in Aeroflot

The Russian government plans to sell 23.76 per cent of the state’s shares in Aeroflot on the market. The transaction is expected to take place in 2026, with the timing of the sale to be determined based on demand and the recommendations of investment bankers.
Dmitry Kalak Dmitry Kalak Reading time: 2 minutes
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Aeroflot

Photo: Ekaterina Kuzmina / RBC

Deputy Finance Minister Alexei Moiseev announced this on the sidelines of the Eastern Economic Forum in Vladivostok, RBC reports.

The state currently holds a 73 per cent stake in Aeroflot, a level reached following an additional share issue in 2022, the publication notes. In June, Deputy Finance Minister Ivan Chebeskov stated that Aeroflot’s SPO is planned for 2026, but the ministry is currently consulting with investment bankers who are assessing potential demand and the appropriate timing for the transaction.

In addition to Aeroflot shares, the state intends to sell its stake in Sheremetyevo Airport by the end of 2026, Alexey Moiseev also reported. However, unlike the Aeroflot shares, there are no plans to list this stake on the stock market: the block of shares will be sold as a single lot. At the same time, the state will retain a ‘golden share’, which will allow the government to participate in the management of Sheremetyevo and retain control over certain decisions made by the airport following the sale of the state’s stake.

The Eastern Economic Forum is taking place in Vladivostok from 1 to 4 September.


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