Aeroflot buys full stake in Aeromar from Lufthansa

Aeroflot purchased 49% of the shares of Aeromar, a company producing in-flight catering.

Consensus

Aeroflot acquired 49% of Aeromar from a Lufthansa-affiliated entity on September 1.
The acquisition was approved by a presidential decree in March 2026.
After the transaction, Aeroflot owns 100% of Aeromar.
The transaction involved 4,9 thousand ordinary shares of Aeromar.
Truffle 2 GmbH is affiliated with Lufthansa.
Aeromar is based at Sheremetyevo Airport, Aeroflot's main hub.
Lufthansa had announced its intention to sell its stake in September 2022.

The presidential decree was issued in March 2026, citing 'unfriendly actions by certain foreign states and international organizations'. — fontanka
The presidential decree was issued in March 2016, citing 'unfriendly actions by some foreign states and international organizations'. — vedomosti
Aeroflot's adjusted net profit for the first half of 2026 was 0.5 billion rubles, down from 4.3 billion rubles in the same period of 2025. — vedomosti
Aeroflot's revenue increased by 3.6% to 429.8 billion rubles in the first half of 2026. — vedomosti
Aeroflot's EBITDA adjusted was 83.1 billion rubles (+0.4%), with EBITDA margin at 19.3% (-0.6 percentage points). — vedomosti
Aeromar's revenue under RSBP in 2024 was 19.4 billion rubles (+37%), with a net loss exceeding 511 million rubles, compared to a profit of 63 million rubles in 2023. — interfax
Aeromar had nearly 4,000 employees at the end of 2021. — interfax
In May, the St. Petersburg FAS issued a warning to LLC 'Air Gates of the Northern Capital' for discriminatory conditions toward in-flight catering suppliers. — fontanka
After ambiguous interpretation of Pulkovo's new transportation security requirements, only one supplier remained in the airport — a subsidiary of Aeroflot. — fontanka