the Action “Aeroflot” fell during today’s trading on the Moscow exchange by 4.5% (to 83,46 rubles apiece) to the news on the issue.
Earlier on Tuesday it became known that the Russian government decree of 24 July approved an additional issue of shares of “Aeroflot” with the maintaining of control of the company from the state, reports “Finmarket”.
According to the results of the additional issue the state’s share in Aeroflot must be reduced from the present level of 51.17%.
“Negative reaction of the investors about the news due to the fact that the government has decided not to change its stake in the company, effectively forced private shareholders to share equally the losses from coronaries”, — quotes the PRIME opinion of Valery Yemelyanov of “freedom Finance”.
Recall that in June the value of the shares of “Aeroflot” significantly declined for several days in a row on the background information on a possible additional issue. The Agency Reuters with reference to sources then indicated that the government is preparing a rescue plan “Aeroflot” through foreclosure of its additional shares by the government and VTB Bank. According to one source, “Aeroflot”, which is 51.2% owned by the state, will release an additional issue in the amount of 80 billion rubles.
information about the issue at that time has not been confirmed, but for investors it is negative, but the fundamental influence is mixed, analysts have noted GM BCS.
meanwhile, on 17 June, the Prosecutor General of the Russian Federation Igor Krasnov said at a Federation Council meeting that “Aeroflot” was forced to reduce ticket prices after joint inspection of the state office of public Prosecutor and Federal Antimonopoly service.
According to him, the reason for the inspection were complaints of citizens to the growth of tariffs for air transportations carried out by this airline. As a result, “Aeroflot” started to sell “up to 80% of the seats below cost,” said Krasnov.
the Company is also required to form tariffs for Monopolof the routes covered by the principles applicable to a “competitive lines”.
Stories about how you tried to get help from the Russian state in terms of coronaries and what came of it, email it to COVID-19@rosbalt.ru
