Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Billionaire Lebedev Sell Off Aeroflot Stake
31.10.2013 22:16
Billionaire Lebedev Sell Off Aeroflot Stake
Photo Credit:

Russian billionaire Alexander Lebedev has sold the remaining stake in Aeroflot, Russia’s leading airline, says Vedomosti daily.

      What used to be a blocking interest several years ago shrunk to 12.5 percent in 2012 and further down to 4.5 percent in 2013, worth some 2.5 billion roubles, or some $85 million.

      Lebedev did not disclose the price of the deal but mentioned that it totaled several billion.

      Earlier, Russia-IC reported that he was in negotiations with five major investment banks, both domestic and foreign.

      He said he was relieved after 10 years of being bullied and not allowed to take sensible decisions.

      Lebedev did not announce how he was going to spend the cash.

      Former KGB agent who turned into a banker and media mogul has repeatedly claimed he’s been under pressure from the authorities to sell off his business. One of the reasons, according to Lebedev, is his support for the Novaya Gazeta opposition paper.

      His bank was inspected by the Central Bank and searched by the law enforcement agencies, scaring away a large part of the client base.

      He was also embroiled in a criminal case when he punched millionaire and real estate developer Sergey Polonsky during a TV show. 

Author: Mikhail Vesely

Tags: Alexander Lebedev Aeroflot Novaya Gazeta   

Next Previous

You might also find interesting:

The Centre for Strategic Research Published a Report on the Effective State Property Management
The Russian Aeroflot Airline Company will Resume Financing of VIM-Avia"
Bank Deposits and Accounts of Small Businesses and Microenterprises will be Insured
Black Friday In Russia: the Most Popular Purchases
Export Duty on Oil will be Gradually Reduced to Zero

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share


search on the map
Classical Music  Lada  Travel  Transparency International  Human Right Activists  Elena Obraztsova  The Guardian  Magnitsky Act  Mercedes-Benz Fashion Week Russia  international cooperation  Exhibitions in Saint Petersburg  prostitution  Russian International  Silver Camera  Andrey Krupinin  Russian tourism  Russian fashion  Smolensk  St. Petersburg  Nizhny Novgorod  Russian Cinema  Archeology  Genesis  Russian business  Kaliningrad  Russian opposition  public transport  Moscow  Central Bank  oil  Moscow skyscrapers   Allegro  Russian history  Boldino Autumn  Exhibitions in Moscow  Irkutsk Region  Russian Literature  Barrows  Alexander Hant   Moscow Zoo  veterans  Russian hockey  Russian legislation  Ski resorts  Prince Yuri Dolgoruky  Solovki  Sakhalin Island  Ilyushin Finance  Sobolkho Lake  Volga Quest  

Travel Blogs
Top Traveling Sites