U.S. sanctions-hit oil billionaire Gennady Timchenko has sold his shares in terminals at Moscow's Sheremetyevo Airport and Pulkovo Airport in St. Petersburg, his spokesman told ITAR-Tass on Wednesday.
Last August, Vedomosti reported that Timchenko was planning to set up a company called A-Group within two months that would manage and consolidate his aviation holdings.
The companies that A-Group was to oversee included, among others, Avia Group, which has a 74 percent stake in Sheremetyevo Airport's business-oriented Terminal A, and Avia Group Nord, which owned 70 percent of Pulkovo-2's business terminal.
The spokesman said Wednesday that Timchenko's shares in the two terminals were sold in March as part of the deal to sell his boss's 49.88 percent holding in Finnish company International Petroleum Products Oy.
He declined to say how much the sale of the terminals was worth.?
See also:
Timchenko's Stroitransgaz Inks $2Bln Irrigation Deal in Syria, Report Says
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.