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Russia's United Aircraft Corp. to spin off lease firms
before IPO
12.02.2009
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BANGALORE, February 12 (RIA Novosti) - Russia's
United Aircraft Corporation (UAC) intends to take two lease
firms, Ulyushin Finance Co. and Finance Leasing Company, off
its books before holding an initial public offering, the UAC
CEO said on Thursday.
"We plan for Ilyushin Finance Co. to be assigned to the
ownership of VEB [Vnesheconombank] and Finance Leasing Company
will join the sphere of influence of VTB," Alexei Fyodorov
said.
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