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Japanese consortium to buy part of Khabarovsk International Airport - EastRussia | Far East

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Japanese consortium will buy part of Khabarovsk international airport

Khabarovsk Airport JSC and a consortium of Japanese companies are planning to sign a shareholder agreement on 18 in December, under which the consortium will buy 10% of Khabarovsk International Airport and will manage it together with a Russian partner.

As reported "Vedomosti", the parties will sign the agreement in Tokyo, at a meeting of the Russian-Japanese intergovernmental commission. According to the chairman of the board of directors and the owner of the airport Konstantin Basyuk, this is the first foreign investment in the terminal under construction. Prior to that, foreigners bought shares or became participants in concessions at existing Russian airports.

The Japanese consortium includes Japan Airport Co., which manages Tokyo’s Haneda Airport, Sojitz Corp, which invests in various industries, and Japan Overseas Infrastructure Investment Corp., a private-public foundation that invests in foreign infrastructure. After signing the agreement, the consortium will receive an option to increase its stake in Khabarovsk International Airport to 25% + 1 share. The amount of the transaction is not disclosed.

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