Russia’s Aeroflot to raise up to $3 billion via new share issue

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Reuters UK

(Reuters) – Russian state flagship Aeroflot airline, struggling from western sanctions which blocked it from most of the flights abroad, plans to raise up to 185.2 billion roubles ($3 billion) from new share issue, it said on Tuesday. Aeroflot, controlled by the Russian state which promised to inject capital to cope with the sanctions, said that its annual shareholders meeting approved issuance of 5.42 billion of new shares which could be bought at a price of 34.29 roubles each under an open subscription. For Aeroflot, which only started to recover from the two-year-long coronavirus pandemic, …

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