Airport to Sell by February

Offers to buy Domodedovo Airport will be accepted until Feb. 7 by Goldman Sachs, the bank overseeing the sale of the airport, Vedomosti reported Wednesday, citing sources in a company that is bidding for the property.

Holding company DME is looking to sell the airport for between $4 billion and $5 billion. Negotiations began in September, but the current owners recently decided to resolve the issue quickly, the paper said.

Viktor Vekselberg, the controlling shareholder of Renova Group, announced he was considering a bid Tuesday. Renova runs airports in Yekaterinburg, Nizhny Novgorod and Samara. Vitaly Vantsev, chairman of the board of Vnukovo Airport, has also said he and his partners might put in a bid for Domodedovo. Other potential bidders are believed to include Summa Group and Basic Element. The authorities are considering uniting privately owned Domodedovo with state-owned Sheremetyevo and Vnukovo into a single company after the sale, a Transportation Ministry source told Vedomosti.

(MT)

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