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Siberia Airlines to sell equity stake in Apr-2013

2-Apr-2013 6:58 PM

Russia's Government is reportedly planning to sell a 25.5% equity stake in Siberian Airlines (S7 Airlines) (Kommersant/aerotelegraph, 29-Mar-2013). Potential buyers could reportedly include some of Siberia Airlines’ Oneworld alliance partners, as well as Middle Eastern airlines. Alfa Bank, the government's agent for the stake sale, said it would accept bids until 18-Apr-2013, with the auction to be held on 25-Apr-2013 with a starting price of RUB1.1 billion (USD35.6 million). Airlines that are state-owned by more than 20% or companies whose parent companies are state-owned by more than 20% are not allowed to take part in the bid.