Russian Governmental Commission for Foreign Investments Control approved a deal on acquisition by Singapore’s Changi of 49% stake in Vladivostok Airport located in Russia’s Far East, the head of the Federal Anti-Monopoly Service Igor Artemyev told reporters on Friday, Vedomosti newspaper reports.
As it was reported earlier, Sheremetyevo International Airport JSC intends to close the deal on the sale of two managing companies of Vladivostok Airport by mid-December. The matter concerns 100% of stake in Terminal Vladivostok JSC, which is expected to be sold by Sheremetyevo International Airport JSC to the Russian Fund for Direct Investments, Basel and Changi.
After the deal is closed, Changi Airports International that operates Changi airport in Singapore plans to focus on developing transportation and enhancing service quality in the airport.
