Fraport to sell partial stake in Thalita Trading Ltd. to Qatar Investment Authority
Decreasing its shareholding will not affect Fraport’s role as “airport operator” in the consortium. It is planned that QIA will also be able to acquire shares from the other consortial partners for a total stake of 24.99 percent in Thalita.
Fraport AG executive board chairman Dr. Stefan Schulte stated: “Pulkovo Airport has developed well since the operating concession started. In selling part of our stake, we are realizing value enhancement while maintaining our role in the consortium. Furthermore, this agreement with the renowned global financier Qatar Investment Authority will broaden the shareholder base of our consortium and strengthen Pulkovo Airport to meet the challenges and opportunities of the future. Despite the current difficulties in Russia, we continue to regard this as an attractive market.”
Since the Northern Capital Gateway consortium started operations, passenger traffic at LED has risen from 8.4 million in 2010 to 13.5 million in 2015. Pulkovo Airport has also been receiving more new airlines and routes in recent months. The successful on-time and on-budget implementation of new terminal facilities in 2013 has greatly enhanced Pulkovo’s capacity, service quality, as well as the role of St. Petersburg as Russia’s second largest metropolis and as a leading international business and tourist destination. The enlarged consortium will be able to leverage and build upon the milestones already achieved at Pulkovo Airport.
MEDIA CONTACT: Fraport AG Frankfurt Airport Services Worldwide, Robert A. Payne, B.A.A. – International Spokesman and Head of International Press/PR & External Activities Team, Press Office (UKM-PS), Corporate Communications, 60547 Frankfurt, Germany; Tel.: +49 69.690.78547; E-mail: email@example.com ; Internet: www.fraport.com PRESS RELEASE www.buzz.travel