Prime Minister Mikhail Mishustin ordered to carry out additional emission of shares of “Aeroflot”. Thus, the Russian government intends to help state-owned airline, which, like all industry, was severely affected because of the pandemic coronavirus. The volume of additional issue is not reported, it will be under open subscription, the government should at least keep its current stake in the company. The shares of minority shareholders in the result is blurred: on the news of the additional issue of shares of the company fell 3.5%.The government will hold an additional issue of “Aeroflot”, but preserve state control over the company. A decree on the issue, Prime Minister Mikhail Mishustin signed on July 24. It will be held by public subscription, and by the end of the state’s share must not be less than the current of 51.17%. Also, the company’s shareholders are institutional investors who have 35,7%, in individuals of 5.1%, a 4.3% quasicanonical package, a further 3.5% owned by Rostec. Shares of “Aeroflot” fell by 13:00 MSK 3.5%, to RUB 84,54 apiece.About supporting the largest carrier in the country through the redemption of its shares for the first time, wrote Reuters in June. Citing sources, the Agency reported that the amount of the additional issue may amount to RUB 80 billion, which is close to the current capitalization of the company, which at that time was close to 100 billion rubles. Among the possible buyers in addition to the state called VTB and RDIF. According to one of interlocutors of Agency, the government will buy shares at 50 billion rubles, and the rest will gain in equal proportions VTB and RDIF. In RDIF has confirmed interest in investing in “Aeroflot”.Transport Minister Eugene Dietrich, confirming the discussion of the issue, said that the airline has already chosen his quota of sectoral subsidies to RUB 7.9 billion, but the problems of the company remain. The greatest losses associated with the closure of international flights, which the Russian authorities intend to gradually recover from 1 August: first flight opens in the UK, Turkey and Tanzania. Aeroflot, which made a major bet for transit passengers from Asia to Europe, has suffered from the closure of the borders more than other major Russian airlines. In the first quarter of this year, the company’s net loss decreased by 42.8%, to 22.5 billion rubles. Revenue was 123,9 billion. Eugene of Simuliavimas ready to fight for next to vyrovnyayut
