Pulkovo AirportPulkovo Airport is St. Petersburg’s air travel hub and Russia’s fourth-largest airport.
A consortium comprising RDIF, Mubadala Development Company and other leading Middle Eastern and Asian co-investors alongside Baring Vostok Private Equity Fund V agreed to acquire a 25% equity stake in Thalita - the holding company of Northern Capital Gateway Ltd, which operates Pulkovo Airport in St. Petersburg, Russia.
- The large investments made in the Russian economy are an illustrative example of successful implementation of the PPP mechanism, proving the attractiveness of the Russian infrastructure sector.
- The airport’s shareholder structure has been diversified, and financing for the next stage of its large-scale modernization project has been ensured in line with the PPP agreement.
- The investors have expressed confidence that the region’s economy will continue to develop, and that international and domestic tourism, as well as household incomes will grow.
- Year of investment: 2017.