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
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Should l Buy ?
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.
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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.
