Sverdlovsk Region to Sell Share in Koltsvo Airport

October 18 Sverdlovsk Region is going to sell the shareholding it has in OAO Koltsovo Airport. The transaction is expected to amount to at least 2bn RUR. This intention was voiced at a recent government meeting when the program for public property management for 2013 was being considered.

A 34.56% shareholding in the airport was handed over to Sverdlovsk Region in early February 2011. It was believed then that this transfer would help attract 32bn RUR worth of investments by 2030. The money was supposed to go to upgrading the airport infrastructure through state-private partnership. It was the ex-Governor Alexander Misharin who insisted on purchasing the airport’s shares then.

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