19 May 2011 12:48

Aeroflot-Finance reduces stake in Aeroflot Russian Airlines from 10.38% to 9.73%

MOSCOW. May 19 (Interfax) - LLC Aeroflot-Finance (the subsidiary of OJSC Aeroflot - Russian Airlines) reduced its stake in the parent company from 10.38% to 9.73%, the airline said in a statement.

Therefore, Aeroflot-Finance reduced its stake from 115,329,817 shares to 108,057,974 shares.

The share issuer found out about the change in its ownership structure on May 18.

It was earlier reported that Aeroflot-Finance increased its stake in the parent company from 7.22% to 10.38% on March 21.

The airline's charter capital consists of 1,110,616,299 shares at a face value of one ruble each.

Russia's Federal State Property Agency (Rosimushchestvo) owns 51.17% in Aeroflot.