You are here

Fraport lowering stake in St Petersburg airport operator

Frankfurt

GERMANY'S Fraport is selling a stake in the operator of the St Petersburg airport, which is ailing from low traveller numbers due to the weakness of the Russian rouble, to the Qatar Investment Authority (QIA).

The deal, from which Fraport expects to generate a gain of 30-...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes