04:25 GMT +3 hours26 November 2014
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Russian Tycoon Lebedev Sells Aeroflot Stake

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Russian tycoon Alexander Lebedev confirmed this week that he has sold his 4.5 percent stake in the country’s flagship carrier Aeroflot.

MOSCOW, November 1 (RIA Novosti) – Russian tycoon Alexander Lebedev confirmed this week that he has sold his 4.5 percent stake in the country’s flagship carrier Aeroflot.

Lebedev, a banker and former billionaire who has media assets in Britain and Russia, expressed relief at leaving the company.

“This dubious state company no longer deserves such great private investors,” Lebedev wrote on his Twitter account Thursday.

According to RIA Novosti’s Prime news agency, the shares were sold for over 3 billion rubles ($93 million).

Lebedev also owns the UK’s Independent and Evening Standard newspapers.

Tags:
Aeroflot, Alexander Lebedev