The RF may exit the shares of Aeroflot airline when the market situation becomes normal, as Anton Siluanov, Finance Minister said in an interview to RBC TV.
«We invested RUB 60 per share, and as we can recall, the very same shares had cost three times as much before the pandemic. This gives us reason to believe that we can count on exiting the shares if the price us right, if we see the market going back to normal", - noted the minister.
Siluanov underlined that the shares of the airline are a good asset. “The NWF (National Wealth Fund, — TASS) has got a good asset”, — added the head of the Ministry of Finance.
Aeroflot secondary offering
Aeroflot airline during its secondary public offering raised RUB 80 bn. From October 9 to 23 over 1,33 bn shares of the company were placed on the Moscow Stock Exchange.
On October 22 the Ministry of Finance of the RF purchased shares of the company for RUB 9,061 bn for the account of the NWF funds. The resulting stake of the Russian Federation in the authorized capital of the airline went up to 57,34% from 51,17%. Previously the Ministry of Finance of the RF purchased Aeroflot shares for RUB 40,94 bn, which is 20,01% of the price of assets of the company.
VTB, the sole global coordinator and bookrunner of the secondary offering bought Aeroflot shares for RUB 21 bn, which amounted to 10,27% of the price of assets of the carrier. The purpose of the VTB Capital’s share purchase is subsequent transfer of the shares under the bid book of international investors.
Previously the government of the RF approved the secondary offering of Aeroflot shares on the condition of the government stake in Aeroflot being at least 51,17%.