S7 Increases Sibir Stake

摘要

The S7 Group has increased its shareholding in Sibir Airlines (which operates as S7 Airlines) following the $35.6 million acquisition of a 25.5% stake from the Russian Government. The deal - which increases S7's share to almost 97% - was originally agreed in late May but has been subject to regulatory approval. According to Interfax News Agency, Russia's Federal Agency for State Property Management (Rosimushchestvo) had been trying to sell its stake in the carrier since 2001.