Russia's Putin authorises sale of Fraport's 25% stake in St Petersburg airport
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 25 2024
0mins
Source: Reuters
Transfer of Stake: Russian President Vladimir Putin has authorized the transfer of Fraport's 25% stake in St Petersburg's Pulkovo Airport to an unidentified party, marking a significant step amid ongoing asset seizures from Western companies since the invasion of Ukraine.
Fraport's Position: Fraport has suspended its investment activities related to Pulkovo and is seeking to recover its assets while having already written off its receivables linked to the investment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
