President Vladimir Putin has ordered the switch of the entire rights to managing St. Petersburg’s Pulkovo airport from international shareholders that come with Germany’s Fraport AG and the Qatari wealth fund by means of moving their stakes into a brand new Russian entity.Underneath a decree revealed overdue on Thursday, stakes within the Cyprus-registered concession that runs the airport of the second-largest Russian town will likely be consolidated in a brand new home corporate. Current buyers, which additionally come with a consortium with Abu Dhabi sovereign fund Mubadala Funding Co., will retain their stakes however received’t have the ability to vote.
