Fraport Ends Involvement at Pulkovo Airport

Fraport AG expects to complete the sale of its stake in Pulkovo Airport (LED) in St. Petersburg in the coming days. A corresponding share purchase and transfer agreement has been concluded. The completion of the share transfer only requires the registration of the change in ownership in the Russian register of companies. The transaction is expected to be finalized within a few days. Fraport CEO Dr. Stefan Schulte said: "With this transaction, we're ending our involvement in Russia. Our goal has always been to find a solution for the investment that would be in the best interests of our shareholders. We are confident that this will be achieved through the sale of our stake - even if this has taken longer than originally hoped."