"The main terms have been approved, and the price determined for three deals on the planned sale of the Aeroflot-owned company Terminal: 25% plus one share to Sheremetyevo International Airport; 25% plus one share to Vneshtorgbank; and 20% minus two shares to Vneshekonombank," the statement said.
In line with the federal law on joint stock companies, the deals are subject to approval at a shareholders' general meeting; the issue will be put forward in the form of an absentee vote before April 10.
Terminal is a 100% subsidiary of Aeroflot, established to implement the project to build a third terminal for Moscow's Sheremetyevo airport, started in late summer 2005. The terminal is to be commissioned in late 2007. The cost of the construction is estimated at $430 million.
The statement said the Aeroflot board of directors had decided to hold a regular Annual General Meeting (AGM) of the company's shareholders on June 17. It also approved 14 candidates for the board of directors, including general director Valery Okulov and deputy Economic Development and Trade Minister Andrei Sharonov.
The board also approved Aeroflot's capital investment plan for 2006: in particular, over 200 million rubles ($7 billion) will be spent on modernizing Russian-produced aircraft.
In April 2006, the Aeroflot board will also consider the annual report and accounting reports of the company for 2005, the statement said.
