OREANDA-NEWS. February 22, 2011. National Reserve Bank (NRB) downgraded its holding in Aeroflot from 12.17% to 9.7%, and the share in Ilyushin Finance Co. (IFC) from 18.96% to 8.65%. The shares divestiture came as a result of NRB’s acquisition of shares in the NRB-Equity closed-end mutual fund, managed by NRB Capital (Asset Management), LLC. NRB acquired 100% of the fund shares and paid for them with Aeroflot, IFC and Gazprom shares.

NRB estimates the total value of the divested share packages, namely, 2.47% of Aeroflot, 10.31% of IFC and the package in Gazprom, at RUB 6 bn.