26.02.2015 - Russian Direct Investment Fund Consortium to Acquire Shares in Vladivostok International Airport
The consortium comprising the Russian Direct Investment Fund (RDIF), a $10 billion fund established to make equity investments into Russian economy, Changi Airports International (CAI), a wholly-owned subsidiary of the world's leading airport operator Changi Airport Group, and Basic Element, one of Russia's diversified industrial groups, has been announced as the winner of the tender to acquire shares in Vladivostok International Airport in Russia's Far East. Each member will hold an equal share in the consortium. The consortium's bid was recognised as the best based on the strength of the technical, legal and financial components in the submission. The transaction will be closed after regulatory approvals are received. Vladivostok International Airport is strategically important for the development of the air transportation system in the region due to its geographical location - the crossing of two air routes between the Russian Far East and the Asia Pacific region. (Press Release)