Aeroflot Might Place 10% Stake on Moscow Exchange in 2014 | Business | The Moscow Times

Aeroflot Might Place 10% Stake on Moscow Exchange in 2014 | Business | The Moscow Times:

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                                                                                                                                               Andrei Makhonin / Vedomosti

Analysts say that placing the stake in London instead of Moscow could be better for reaching more investors.

State-controlled airline Aeroflot may place a stake of 10 percent on the Moscow Exchange next year, as part of the government's privatization plans, Kommersant newspaper reported on Friday.

Aeroflot is one of the companies pinpointed by Russia to be sold in its much-delayed and pared-back privatization plan, originally launched in 2010. According to its latest plans, the government aims to reduce its 51.17 percent stake in the airline to 25 percent plus one share.

The Russian government recently halved its privatization target for next year.

Kommersant reported that the Aeroflot share sale could raise up to $200 million and cited the head of the state property agency, Olga Dergunova, as saying the sale should take place on the Moscow Exchange next year."

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