Qatar Investment Authority buys stake in Russian airport

Qatar now owns almost a quarter of St. Petersburg’s Pulkovo Airport, after closing a deal with airport operator Fraport to buy part of its stake in the Russian business.

 

According to Reuters, consortium partner Copelouzos Group has also sold shares to the Qatar Investment Authority (QIA), raising the wealth fund’s overall stake in the airport to 24.9 percent.

 

Fraport – which will retain its role as airport operator after the deal – expects to make a profit of between €30-40 million from the sale.Its stake has gone down from 35.5 percent to 25 percent.