Almaty Airport sold for $ 415 million

Turkish holding TAV Airports Holding bought out 100% of the shares of Almaty International Airport. The transaction value amounted to $ 415 million. This was reported in the press center of the holding, Forbes Kazakhstan reports.
 
It is reported that the share of TAV Airports in the consortium will be at least 75%, and the transfer of shares will occur after completion of all legal procedures. Almaty Airport will be the 15th in a row in the portfolio of TAV Airports Holding.

“Kazakhstan is the largest country in the region both geographically and economically. And Alma-Ata is the country’s largest city, which accounts for 20% of its GDP. Also, it is the center of the “modern Silk Road” connecting China, Europe, and Africa. He has good potential, and based on our knowledge, we will work to realize it fully, ”said Sani Shaner, President, and CEO of the holding.

Recall that in November last year, the Minister of Industry and Infrastructure Development stated that “… we need to modernize and reconstruct the passenger terminal itself for the convenience of passengers because passenger traffic through the Almaty airport is growing annually. Moreover, the Ministry’s recent order on open skies has recently been adopted, which will increase routes. ”

Then it was said that the deal would take place in the next few months. However, the coronavirus pandemic has made adjustments. The joint-stock company Alma-Ata International Airport was established in 1995; the national aviation company Kazakhstan Uye Zholy became the sole shareholder. After that, several shareholders changed at the airports.

Graduated from Embry-Riddle Aviation University with a master's degree in aviation science. He began his career as an aviation researcher in local periodicals. Has a pilot license. Now are the author and developer of the Plane Worlds.