Smolny Points Out Its Place in ‘Rossiya’ // Kommersant – St. Petersburg of 23.12.2015

Following the amalgamation of the subsidiary companies Donavia and Orenburg Airlines with ‘Rossiya’, the St. Petersburg airline that is affiliated to Aeroflot, Aeroflot decided to issue an additional block of shares, so increasing the statutory capital of the airline. The Government of St. Petersburg, which holds a controlling interest in the combined airline, decided not to take part in the issue of shares in ‘Rossiya’.

Vladimir Kilinkarov, partner, commented on the Government of St. Petersburg’s decision.

http://kommersant.ru/doc/2883517