S7 Group to buy 25.5% stake in Sibir Airlines

S7 Group won the bid for a 25.5% stake in Sibir Airlines, according to Alfa-bank, which is overseeing the transaction. S7 Group offered RUB1.13 billion ($35.6 million) for the stake, 1% more than the starting price. S7 group had already owned a 71.3% stake in Sibir. The Russian government has 45...

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