31 May 2004 12:43
PREPARATIONS TO SELL CONTROLLING INTEREST IN TOLMACHEVO AIRPORT BEGIN
MOSCOW. May 31 (Interfax) - The controlling stock interest in Novosibirsk airport Tolmachevo belonging to the
government has been transferred to the Federal Property Fund for the procedural work needed before its privatization,
company management told Interfax.
This 51% stake (or 68% of voting stock) belonged earlier to the former Russian Property Relations Ministry.
Board of directors chairman at Tolmachevo and a Russian Transport Ministry official Alexander Borodin told Interfax
the airport is on the privatization list of 2004 as confirmed by the Russian government.
Borodin explained that the next step by the Property Fund (or the organization to be its successor at the end of its
reorganization) will be valuing the stock and establishing the time and procedure for its privatization. It is thought
that how it will be sold will be determined in the fourth quarter.
"The initial numbers indicate the value of the state's packet could be over 163 million rubles, and I am
sure the end-price will be somewhat higher than starting [price]," Borodin said.
As reported earlier, the group Industrial Development (Promyshlennoye Razvitiye), which currently controls over 30%
of the airport's stock through affiliated companies, has already announced its interest in the stock sale. Sibir
Airlines has also expressed interest, the airport being one of this company's main transport hubs.
Industrial Development was set up at Moscow River Shipping and its affiliated transportation and ship-building
enterprises in other regions. Tolmachevo's charter capital is 124.44 million rubles, and 26.79% of is held
nominally by Depository Clearing Company in Moscow.
[Interfax] |
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