National Reserve Corporation Threatens to Scupper Deal with Aeroflot
OREANDA-NEWS. April 02, 2010. Alexander Lebedev’s National Reserve Corporation (NRC) threatens to break an accord on selling a blocking package in Aeroflot, currently held by an NRC’s subsidiary bank, back to the air carrier.
In NRC’s opinion, the price offered by Aeroflot for the share package is inadequate, and the transaction itself involves high fiscal risks. Earlier, NRC was about to sell the 25.8% share package back to Aeroflot in return for Russian Technologies’ aviation assets.
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