SINGAPORE’S CHANGI AIRPORTS INTERNATIONAL TOGETHER WITH PARTNERS TO GAIN CONTROL OVER RUSSIA’S VLADIVOSTOK AIRPORT
January 1st, 2017
AN INTERNATIONAL consortium of investors led by Singapore's Changi Airport Group, the Russia-based Basic Element holding company and the Russian Direct Investment Fund (RDIF) sovereign wealth fund have agreed to acquire Vladivostok International Airport from owner JSC Sheremetyevo International Airport.
The takeover is expected to cost Russian Rubles 6 billion (USD100 million). Each investor will own equal stakes in the airport - 33.3%. At present. Vladivostok airport can process up to 3.5 million passengers per year and receive all types of aircraft.
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