SG’s Changi, others to acquire controlling stake in Vladivostok Airport

Terminal 1, Vladivostok Airport, Russia (image from official website)

Singapore’s Changi Airport Group is part of a consortium that has won the tender to acquire controlling stake in Russia’s Vladivostok International Airport. The consortium is led Russian Direct Investment Fund (RDIF) – a $10 billion fund established to make equity investments into the country’s economy; Basic Element, one of Russia’s diversified industrial groups, is the third partner.

All three partners will hold an equal share in the consortium.

Vladivostok International Airport is strategically important due to its geographical location that forms the crossing of two air routes between the Russian Far East and the Asia Pacific region.

In 2012, the aerodrome at Vladivostok International Airport underwent large-scale modernisation. A new terminal was constructed and since then, it has been able to receive all types of aircraft.

The deal will see the consortium acquire 52.16 per cent of OAO International Airport Vladivostok and full acquisition of ZAO Terminal Vladivostok.

Also Read: Vietnam’s Long Thanh Airport contract set to attract global consortiums

The Changi Airport Group’s stake in the consortium, will be held through its wholly owned subsidiary Changi Airports International (CAI). This marks CAI’s second investment in Russia. In its earlier deal too, it had joined Basic Element and Sberbank to develop airports in the Krasnodar region, including Sochi, Krasnodar, Anapa and Gelendzhik.

The group’s other similar projects include, development at Brazil’s Tom Jobim International Airport the aerotropolis in India.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:  “The unique global and local experience of our consortium partners, CAI and Basic Element, will be crucial for the further development of Vladivostok International Airport. We are glad that four large investment funds from the Middle East, including the leading sovereign wealth funds of the region expressed their intention to join this deal as part of RDIF automatic co-investment mechanism. With an Open Skies policy in place, this airport has the potential to become a key Russian hub within the Asia-Pacific transportation and logistics network. Over 400 million people live within two hours flight of Vladivostok. The transportation hub will promote economic development in the region at every level.”

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.