RDIF consortium closes deal to buy 25% in Pulkovo Airport

PRIME, 04.09.2017

MOSCOW, Sep 4 (PRIME) -- A consortium of international investors comprising the Russian Direct Investment Fund (RDIF), the Russian-Chinese Investment Fund, Mubadala Development Company, Baring Vostok Private Equity Fund V and Middle Eastern investors have closed a deal to buy 25% in Thalita Trading Limited, RDIF said on Monday.

Thalita is a holding company of Northern Capital Gateway, the management company of the Pulkovo Airport.

“By efforts of the RDIF a consortium of international investors was created, which allowed for attraction of over U.S. $200 million of capital to Russia from leading funds, including investors from Asia and the Middle East. We are sure that the entrance of new shareholders will promote for dynamic development of the Pulkovo Airport, one of Russia’s largest airports,” RDIF CEO Kirill Dmitriev said.

In April, the consortium signed an agreement to buy 25% in Thalita from VTB Capital.