The Russian government has formally initiated the process to reduce its stake in Aeroflot, the country’s flag carrier. The Federal Agency for State Property Management (Rosimushchestvo) has launched a public tender to select a financial advisor and bookrunner to structure and execute the sale of a 23.76% equity stake in the airline.
Tender Details and Financial Requirements
According to a report by the RBC news outlet on Friday, which cited official sources within Rosimushchestvo, the selected financial institution will assume full responsibility for preparing and executing the share placement on behalf of the state.
To ensure the success of the transaction within the current economic climate, the state agency has established strict selection criteria:
- Proven Track Record: Applicants must demonstrate a solid history of asset underwriting and equity placement within capital markets.
- End-to-End Management: The advisor will be directly responsible for the commercial, legal, and financial structuring of the sale.
Timeline of the Process
The institutional timeline is already underway, establishing a precise window for the submission of proposals:
Application Deadline
The window for submitting applications from interested banks and financial institutions opened on May 22 and will remain active until June 8.
With the closing of this tender, the Russian government will define the roadmap for one of the most significant financial transactions in the region’s aviation sector, marking the beginning of a capital restructuring for its primary commercial air carrier.
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