Support The Moscow Times!

Rotenberg Eyes Stake in Sheremetyevo Airport

Billionaire Arkady Rotenberg, a close associate of President Vladimir Putin, could become co-owner of the state-owned Sheremetyevo Airport prior to its upcoming privatization, a news report said Thursday.

Sheremetyevo general director Mikhail Vasilenko said TPS Avia would be invited to participate in the consolidation of the airport's assets prior to the sale of the government's stake in the airport, which should be conducted by the end of 2016, Vedomosti reported.

TPS Avia Holding, owned by Rotenberg in partnership with Alexander Ponomarenko and Alexander Skorobogatko, already controls freight operations at Sheremetyevo after its June purchase of a controlling stake in the project to build a new freight terminal at the airport.

At that time, TPS Avia was a key contender to purchase the government's controlling stake, Kommersant reported.

The government currently owns 83 percent of Sheremetyevo, with leading Russian airline Aeroflot owning 9 percent and the state-owned banks VEB and VTB each owning about 4 percent, respectively.

During privatization, most affiliates directly involved in the activities of the airport will be merged with the Sheremetyevo International Airport company, while the airport's stakes in two Vladivostok airport companies will both likely be sold, Vasilenko said.

He added that the assets in Vladivostok might be purchased by the Far East Development Fund, a subsidiary of VEB, which already owns the remaining shares in both companies.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more