Sheremetyevo International Airport puts Vladivostok Airport up for sale

By Charlotte Turner |

SC Sheremetyevo International Airport (JSC MASH) is putting its 52.16% share in JSC Vladivostok International Airport (JSC MAV) up for sale.

 

As well as the shares of JSC MAV, 74.99% of the shares of CJSC Terminal Vladivostok, and all rights (claims) on loan agreements provided to JSC MASH by CJSC Terminal Vladivostok, are on offer.

 

Prospective buyers are to present their final offers by October 31 2014. An invitation to take part in this procedure is available on the official website of JSC Sheremetyevo International Airport.

 

Vladivostok International Airport is described as the most important element of transport infrastructure for the Far East of the Russian Federation. “Reconstruction of the airport became one of the major steps towards the preparation of the Territory of Primorye for the APEC CEO Summit 2012,” says SC Sheremetyevo International Airport.

 

In 2008, by the Decree of the President of the RF, 52.2% of the shares of JSC Vladivostok International Airport were transferred to the management of JSC Sheremetyevo International Airport, which acted as the main investor of the new terminal construction at Vladivostok Airport.

 

Vnesheconombank was the co-investor of the construction which started on the new international terminal in August of 2009. A test flight was carried out on June 1, 2012.

 

The total area of the terminal complex equals 47,500sq m. In 2013 Vladivostok Airport served 1.85m passengers, +14% YOY.

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