Investments in Russia may be impacted by ongoing conflict: CAG
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CHANGI Airport Group (CAG) said the ongoing Russia-Ukraine conflict - and the global response to it - may potentially impact the operations as well as the value of the 4 Russian airports in which it has interests.
The group disclosed in a bourse filing on Wednesday (Mar 9) that its wholly-owned subsidiary Changi Airports International (CAI) holds a 30 per cent stake in Transport AMD-2 Limited (TAMD2). The latter is a holding company in Russia that wholly owns 3 airports in the country: Sochi International Airport, Krasnodar International Airport and Anapa International Airport.
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