Monday, January 30, 2006

Aeroflot seeks foreign strategic investor in airline, confirms NRK’s intention to sell 30% stake

Aeroflot, the Russian national carrier, would like a foreign airline to acquire a minority but significant stake in the airline, a senior Aeroflot official said.
The official said that Aeroflot is aggressively seeking to increase the size of the airline both by buying new planes from the west and acquiring domestic airlines in Russia.
The source said that the acquisition of a minority stake from one of its Skyteam partners such as Air France KLM would be welcome. No-one from Air France KLM were available for comment.
The source also confirmed that Alexander Lebedev, a Russian parliamentary deputy and co-owner of National Reserve Corporation [NRK], is seeking buyers for NRK’s 30% stake in Aeroflot. However, the source said it would be difficult for Lebedev to find a buyer for stake he values at about USD 500m.
It has been previously reported that Russian banks Vneshekonombank, OAO Sberbank and JSB Gazprombank could be interested in acquiring NRK's stake in Aeroflot.

Source mergermarket
Value USD 500m (Value of NRK stake)



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