Sberbank consolidated 100% of Gorno-Altaisk Airport by purchasing 60% of the shares of AFK Sistema, Sberbank President German Gref said at a press conference. The fact of the transaction was confirmed by Sistema.

Sberbank became the sole owner of the Gorno-Altaisk airport

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According to the chairman of the board of directors of the credit institution, Sberbank is actively designing and plans to “build a new airport.” Gref clarified that the investments to increase the track by 500 meters will be borne by the government.

The authorities will also finance the implementation of a new lighting system and navigation equipment.

Gref noted that tourists will also use the Sbera and Manzherok ski resorts, located in the Altai Republic.

“This airport, with a capacity of 150 thousand passengers, should now become an airport with a capacity of up to 1.5 million passengers. We see a very large increase in the flow, including due to the fact that we are developing a fairly large ski resort there,” Gref said, quoted by Interfax.

A subsidiary of Sistema, Sistema Telecom Assets LLC, previously reported the sale of 60% of the capital of one of its subsidiaries. The name of the company was not revealed in the report, but the amount of the transaction was indicated: 2.4 billion rubles.

Author:

Natalia Gormaleva

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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