Russia's Federal Antimonopoly Service considered the application of JSC Koltsovo-Invest for the purchase of 47.52% of the voting shares in Koltsovo Airport Public Stock Company (Yekaterinburg) and made a decision to grant this application, the regulatory body informed.
As a result of this acquisition, Koltsovo-Invest will increase its voting stake in the airport from 51.9% to 100%.
JSC Koltsovo-Invest (tax number: 6672150375) is part of Renova Group. The company holds a 51.9% equity stake in Koltsovo Airport (Yekaterinburg).
Renova Group is a private Russian business group owning and managing assets in the metallurgical, oil, mining, chemical, building and construction, power energy, telecommunications, hi-tech machine-building, housing and utility services and financial sectors in Russia and abroad (the CIS countries, Switzerland, Italy, RSA and the USA). Renova Group's largest assets are shares in UC RUSAL, IES as well as in the Swiss technological concerns OC Oerlikon and Sulzer.
Koltsovo International Airport (corporate name: Koltsovo Airport Public Stock Company, 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 Airport for 9 months 2013 dropped 3.39-fold to RUB 756.453 million from RUB 2.562 billion for the same period in 2012. Revenue grew by 4.48% to RUB 3.256 billion from RUB 3.116 billion, sales profit by 7.7% to RUB 1.202 billion from RUB 1.116 billion, pre-tax profit decreased 3.52-fold to RUB 933.359 million from RUB 3.281 billion.