Russia to sell 24% stake in Aeroflot

Aeroflot raised RUB80 billion via newly issued ordinary shares, lifting the Russian Government’s stake to 57.34% and leaving free float at 40.65%.¹ Russia’s Ministry of Finance also used National Wealth Fund resources to buy 833.3 million additional shares for RUB50 billion, increasing the government stake from 51.17% to 57.34%.^{2 3} In Jul-2022, the Ministry of Finance acquired 1.5 billion shares for RUB52.5 billion to support Aeroflot Group’s letters of credit restructure.^{4 5}