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Sheremetyevo Buys Domodedovo Airport at Auction After Price Cut to $880M – Reports
['The Moscow Times', 'Jan.']
The Moscow Times - Independent News From Russia
Moscow’s Sheremetyevo Airport has come out as the winning bidder for its nationalized rival Domodedovo after the Russian government halved its initial asking price following a failed attempt to auction off the airport, Russian media reported Thursday.
The final price for Domodedovo, Russia’s fourth-busiest airport, was set at 66.1 billion rubles ($880.2 million), down from 132 billion rubles after last week’s auction failed to attract any bidders, the RBC news website reported.
The winning bid was submitted by Perspektiva, a subsidiary of Sheremetyevo International Airport, which was one of two bidders for DME Holding, the company that owns Domodedovo.
Sheremetyevo is controlled by a company linked to Arkady Rotenberg, a close ally of President Vladimir Putin.
Perspektiva outbid Moscow International Airport, a management company affiliated with Vnukovo Airport, RBC reported, citing two sources familiar with the auction.