Action “Transaero” has collapsed 50% after the cancellation of the transaction with Filev

Action “Transaero” has collapsed 50% after the cancellation of the transaction with Filev


Moscow. November 3. Action “Transaero” at the start of trading on Tuesday fell by more than 50% on news that the deal to purchase the co-owner of airline “Siberia” will take place.

On the Moscow stock exchange the shares of Transaero airlines has fallen to 8,12 ruble apiece, which is 50.5% below Monday’s closing level (before the action “Transaero fell 8%).

Formally, the explanation of failure of the transaction is the same as in the case of “Aeroflot” – the owners of Transaero airlines are unable to collect the required package of shares. “Current shareholders “Transaero” there are no unencumbered shares in the amount of 51%,” – said in the S7 causes the release of Vladislav Fileva from the transaction.

On Friday Filev said that in the beginning of this week will issue the first batch of “Transaero”, owned by Alexander Pleshakov.

“I have not yet come into ownership of shares, yesterday opened a personal account. Monday-Tuesday we plan to re-execute the first part of the shares, and in the future after the resolution of the Antimonopoly Committee I will get the remaining part of it,” he said Friday at a meeting with creditors “Transaero”. In S7 did not explain whether the owner of the company information regarding the encumbrance of shares of Transaero airlines for the time that has passed since the Friday meeting.

At the same meeting Filev has declared that will not work with “Transaero”, if he has less than 51% of the shares.

The option of acquisition Transaero Filev suddenly appeared after the collapsed deal to buy the second largest carrier by market leader state “Aeroflot”. The prospects of the deal was initially estimated market skeptical: Transaero airlines burdened with huge debt, lost his operator’s certificate, and his most attractive international routes have received “Aeroflot” as compensation of expenses for transportation of passengers.

The announcement of the impending deal didn’t stop the the bankruptcy process “Transaero”, initiated by Sberbank and Alfa-Bank (also ready to join VTB).