Friday July 10, 2020

Aer Rianta could get €14 million windfall from sale of Russian stake

Aer Rianta International could net as much as €14 million from the impending sale of its stake in Russian duty-free operator Aerofirst.

15th June, 2013

Aer Rianta International (ARI) could net as much as €14 million from the impending sale of its stake in Russian duty-free operator Aerofirst.

A company spokesman said it was in "ongoing discussions" regarding the stake, but refused to elaborate on the likely timing or terms of any sale of the company, which operates the duty free at Moscow's Sheremetyevo airport and onboard Aeroflot flights.

But reports in the Russian media have suggested that ARI will...

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