Russian Government Initiates Sale of Significant Aeroflot Stake to Boost Federal Budget
The Russian government has commenced a process to divest a substantial portion of its shareholding in Aeroflot, the country's flag-carrier airline. The federal agency for state property management, Rosimushchestvo, is overseeing the sale of a 23.76% stake in the company. This move is part of a broader strategy to maximize the flow of funds to the federal budget. The selection process for a legal entity to manage the sale began on May 22 and will continue until June 8. The chosen entity will be responsible for ensuring the market value of the shareholding is accurately assessed and for proposing transaction structures that optimize financial returns. Aeroflot's authorized capital consists of over 3.97 billion shares, with the company valued at approximately 190 billion rubles ($2.6 billion). Currently, the government holds about 73.8% of Aeroflot's shares. 
