Lebedev sells stake in Aeroflot; Finnair and union sign new collective agreement
Aeroflot (-3.9%) led European airline shares lower on Friday (10-Dec-2010) on news National Reserve Bank, owned by Russian tycoon Alexander Lebedev, sold a 4% stake in the carrier. Mr Lebedev agreed to sell 44.2 million shares in the airline for approximately USD2.50/share. This was reportedly the minimum price NRB had signalled it would accept and below market levels.
