Aeroflot selling duty-free asset

According to Kommersant, Aeroflot is close to the sale of 66.7 per cent of the leading player on the duty-free market Aerofirst, potentially to duty-free operator Arial for over USD 38.7 million.

It may have to compete for the asset with the Germany firm Gebr. Heinemann, which has already secured the support of the Federal Antimonopoly Service.

The sale would appear to be related to the programme launched by the government in the summer aimed to make Aeroflot dispose of non-core assets.

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