"Aeroflot and its advisers have not had access to critical information with respect to the commercial and operational aspects of Alitalia's business," the company said in a statement.
Under the terms of the competition, the buyer of the 49.9 percent stake would have to shoulder Alitalia's debt, which totaled more than EUR1 billion (US$1.3 billion) in December. That could put a heavy burden on the Russian company, which announced billion-dollar deals with Airbus and Boeing Co. in the past month.
Russia's biggest carrier said that it was still committed to expansion on the European market "by increasing its operational activities as well as acquiring strategic assets."
The announcement appears to open the way for AP Holding SpA, the parent company of Italy's second largest carrier, Air One, to buy the stake.
The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations
On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part