Published on : Wednesday, December 18, 2013
Aeroflot Group (the «Group», Moscow Exchange ticker: AFLT) announces that that the Financial Markets Service of the Central Bank of Russia («CBR») on 12 December 2013 approved the circulation of up to 277,654,074 Aeroflot shares outside of Russia, which represents approximately 25% of Aeroflot’s currently issued ordinary shares.
This decision represents an important step towards a potential international listing of Aeroflot depositary receipts on one or several international stock exchanges, which may increase recognition of the Group among international investors.
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Aeroflot is Russia’s leading airline and one of the largest in the CIS and Eastern Europe. Aeroflot is the principal company in Aeroflot Group, which consists of five Russian airlines providing service to more than 200 destinations globally.
In 2012 Aeroflot Group carried 27.5 million passengers. The Group had revenue of USD 8,138 million in 2012 and EBITDA of USD 671 million. Net profit totalled USD 166 million.
As of 17 December 2013 Aeroflot had 142 aircraft, which make up one of the youngest, most modern and fastest growing fleets in Europe. Aeroflot was twice named in a SKYTRAX survey as The Best Airline in Eastern Europe (in 2011 and 2013).
A member of the SkyTeam global airline alliance, 2013 marked Aeroflot’s 90th year in operation. The Group’s shares trade on Moscow Exchange (ticker: AFLT) and its GDRs trade OTC on the Frankfurt Stock Exchange.
Tags: Airline News