28-Jun-2011 11:05 AM

Russian government could sell Aeroflot stake

Russia's Finance Minister Alexei Kudrin stated the government plans to include its stake in Aeroflot in a wider privatiaation list and may sell a controlling stake in the carrier in three to five years (RIA Novosti/Reuters/Moscow Times, 27-Jun-2011). "Aeroflot, in all probability, will be included," Mr Kudrin said. The government intends to sell controlling stakes in all key companies in the financial, oil, telecommunications and transport sectors in the next three to five years, Mr Kudrin said. The government plans to raise USD45 billion in the second round of privatisation that could include the Aeroflot stake.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More