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. Last Updated: 07/27/2016

Transaero Considers IPO

Transaero said Thursday that it may sell shares in an initial public offering by the end of this year as demand for travel recovers.

Transaero may sell as much as 18 percent of its shares on the MICEX, spokesman Konstantin Tyrkin said.

“We are monitoring the situation and if it becomes favorable, we may consider an IPO in Moscow by the end of the year,” Tyrkin said. “No final decision has been made yet.” 

(Bloomberg)