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VTB completed acquisition of 25% plus 1 share of Terminal

 
12 March 2007

On 12 March 2007, VTB completed acquisition of 25% plus 1 share of JSC Terminal from Aeroflot - Russian Airlines. Earlier, Igor Zavyalov, VTB Deputy Chairman, and Konstantin Kozhevnikov, Senior Vice President and Member of the Board, became members of the Board of Directors of Terminal.

Along with direct participation in the corporate capital, VTB extended a credit line totaling USD 264 million to finance the Sheremetevo-3 air terminal construction.

For reference:

Terminal company was established in 2003 as a fully-owned Aeroflot's subsidiary to implement the Sheremetevo-3 air terminal construction. The Sheremetevo-3 project was launched in July 2005 to be completed by the end of 2007.


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