PRESS: Sheremetyevo airport mulls selling 30% of shares

MOSCOW, Jan 20 (PRIME) -- Russia’s Sheremetyevo International Airport is considering selling 30% of its shares to a strategic investor, co-owner and Chairman of the board of directors Alexander Ponomarenko said in an interview with Vedomosti business daily on Monday.

“We planned to sell off 10% in 2017–2018, when the refueling complex, the B terminal, the tunnels and the cargo terminal were constructed. The facilities were to be financed by a private investor of the Sheremetyevo airport, as it had been agreed with the Federal State Property Management Agency, because we doubted that we had enough funds,” he said.

“Now we are in the middle of a different story and we are considering selling 30%, which may be used as a source of financing for buying 30% of Sheremetyevo’s shares from the state.”

Negotiations with possible investors are “underway,” he also said.

“This is a difficult deal, its is all I can say. These are strategic investors, and there are four main bidders,” he added.

Sheremetyevo has abandoned plans to build the G terminal next to the D terminal, Ponomarenko also said. The F terminal will be upgraded after the C2 terminal is launched in 2026.

The airport closed its VPP-1 landing strip for upgrade on January 18 for 11 months, he also said.

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