29-Apr-2011 12:00 PM

Domodedovo looking to sell minority stake: reports

Russia's Moscow Domodedovo Airport, the country’s busiest airport, is reportedly planning to sell 20-25% of its stock for USD1 billion in a private placement (RIA Novosti/Kommersant, 28-Apr-2011). The airport plans to sell the stake to foreign investors to protect the airport from a possible nationalisation. Domodedovo had announced the possibility of an initial public offering in Apr-2011. Goldman Sachs, Morgan Stanley, JPMorgan and Credit Suisse were appointed as lead managers.