Russia's Federal Antimonopoly Service granted the application of OJSC Koltsovo-Invest for the purchase of 113,586 registered ordinary shares of OJSC Airport Koltsovo accounting for 47.52% of its authorized capital, the regulatory body informed.
It will be recalled that on February 28, 2013, Koltsovo-Invest (part of Renova Group) won the tender for the right to build a new passenger terminal for the Perm-based airport. Other competitors were OJSC Airport Tolmachevo (part of Novaport Group), Basel Aero LLC.
Koltsovo International Airport (tax number: 6608000446) is one of the leading airports of Russia. Renova Group makes strategic investments in its reconstruction. Koltsovo cooperates with over 50 Russian and foreign airlines directly connecting Yekaterinburg with more than 100 cities of Europe, Asia, and North Africa.
IFRS net profit of Koltsovo International Airport for 2012 increased 3.08-fold to RUB 3.099 billion. Revenue increased by 31.04% to RUB 4.662 billion from RUB 3.558 billion, GP by 33.15% to RUB 1.956 billion from RUB 1.469 billion, pre-tax profit from continuing operations 6.58-fold to RUB 3.98 billion from RUB 604.512 million.
According to the information and retrieval system DataCapital, RAS net profit of Koltsovo International Airport for H1 2013 dropped 7.4-fold to RUB 317.589 million from RUB 2.355 billion for the same period in 2012. Revenue grew by 1.4% to RUB 1.969 billion from RUB 1.942 billion.
AK&M "M&A Market"
"AK&M", 31.10.2013 12:37