Support The Moscow Times!

Domodedovo Eyes June IPO

DME, the holding company for Domodedovo Airport, said it plans to sell existing shares in an initial public offering in London.

The company, which is 100 percent owned by entrepreneur Dmitry Kamenshchik, might sell shares as early as in June, according to term sheets and a regulatory filing by the company Wednesday. Goldman Sachs Group, JPMorgan Chase, Morgan Stanley and Citigroup are running the offering, the statement said.

Prime Minister Vladimir Putin said March 28 that an agreement was reached to merge two state-run Moscow airports, Sheremetyevo and Vnukovo, into a single company. DME's earnings before interest, taxes, depreciation and amortization rose 62 percent last year to 12.7 billion rubles ($455 million), while sales increased 22 percent to 29.7 billion rubles, according to the statement.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.