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Sheremetyevo Subsidiary Acquires Domodedovo Group Assets at Auction
['Petr Ermilin', 'Sergey Mileshkin', 'Oleg Artyukov', 'Alexander Shtorm']
PravdaReport
Sheremetyevo Subsidiary Acquires Domodedovo Group Assets at AuctionA subsidiary of Moscow's Sheremetyevo International Airport has acquired the assets of the Domodedovo Group, Kommersant reported, citing a source in the aviation industry.
Photo: commons.wikimedia.org by DME Airport, https://creativecommons.org/licenses/by-sa/3.0/ Domodedovo Passenger Terminal (DME Passenger Terminal)Second Auction Succeeds After Initial FailureThe group's assets sold on a second attempt after the initial auction, scheduled for January 21, was canceled due to a lack of bidders.
During the bidding process, the value of the Domodedovo Group's assets ultimately fell by half from the initial price.
Sheremetyevo Structure Outbids CompetitorsA subsidiary of Vnukovo Airport submitted the first bid to participate in the auction.
The second contender was a Sheremetyevo-affiliated company, Perspective LLC, which ultimately secured the assets offered for sale.