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Deutsche Bank appointed agent to sell state stake in Sheremetyevo airport

July 07, 2014, 19:52 UTC+3 MOSCOW
Russia’s Economic Development Ministry announced a tender for selecting the airport’s privatization organizer on April 9
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© ITAR-TASS/Mikhail Pochuyev

MOSCOW, July 07. /ITAR-TASS/. Germany’s Deutsche Bank has been appointed as an agent to sell the Russian government’s stake in Moscow-based Sheremetyevo international airport, the State Property Management Agency (Rosimushchestvo) said on Monday.

“Under the government resolution of July 2, 2014, Deutsche Bank is the sole contractor for the state order to organize and sell on behalf of the Russian Federation federally-owned ordinary registered shares of Sheremetyevo international airport in the amount of up to 83.04% of its equity capital,” Rosimushchestvo said in a statement.

Russia’s Economic Development recommended Deutsche Bank in May as an agent for the Sheremetyevo airport’s privatization. The bank submitted a bid with the smallest fee for its services.

Russia’s Economic Development Ministry announced a tender for selecting the airport’s privatization organizer on April 9.

The Russian government’s prognostic privatization plan stipulates the sale of the government’s stake in the airport’s equity capital.

The bidders admitted by the Russian government to the tender included ten companies, in particular, Bank Credit Suisse (Moscow), VTB Capital, Deutsche Bank, VEB Capital, JP Morgan Bank International, Merrill Lynch Securities, Morgan Stanley Bank, Renaissance Broker, Russian Auction House and the Russian branch of Goldman Sachs.

Rosimushchestvo is the core shareholder of Sheremetyevo international airport with a stake of 83.04%, while flagship airline Aeroflot owns 8.9%, VEB 4.2% and VTB 3.7%.

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