Russia to Sell State Stake in Sheremetyevo Airport

The sale of the state package of Sheremetyevo Airport may take place closer to the end of this year, said Deputy Minister of Finance Alexei Moiseyev to Interfax in the corridors of the Eastern Economic Forum (VEF-2026).

Consensus

• The Russian Ministry of Finance expects to sell the state's stake in Sheremetyevо Airport by the end of 2026.
• The sale depends on corporate procedures and the availability of first-half financial reports.
• The Ministry of Finance will evaluate the asset and put it up for auction based on the financial report.
• On 6 August, President Vladimir Putin signed a decree removing Sheremetyevо Airport from the list of strategic enterprises.
• The state will retain a 'golden share' giving it veto power over key corporate decisions.
• The sale is subject to conditions ensuring the airport maintains its core aviation activities and allows for modernization.
• The state owns 30.43% of Sheremetyevо Airport, with the remainder held by Sheremetyevо Holding.
• Sheremetyevо Holding is owned by TPS Avia Holding Ltd, a resident of the Kaliningrad Special Economic Zone.
• The company was previously registered on Cyprus under the name TPS Avia Holding.
• The trust holding 65.22% of TPS Avia Holding acted in the interests of the families of Alexander Ponomarenko and Alexander Skorobogatko.
• Arkady Rotenberg held a 34.78% stake in TPS Avia Holding before the 2022 relocation.
• The state's 'golden share' was formally activated by a government resolution signed on 18 August.

Points of divergence

• On 21 July, Sheremetyevo became a partner of Vnukovo airport, which acquired 25.01% of the shares in Prospekt LLC, a 100% subsidiary of Sheremetyevo Holding, for a cash investment of 16.5 billion rubles. — vedomosti
• The acquisition of Domodedovo airport cost 141 billion rubles, including 66 billion in cash and 75 billion in debt. — vedomosti
• The official beneficial owners of Sheremetyevo Airport are not disclosed. — vedomosti

Coverage (4 sources)

• Deputy Minister of Finance Moiseev: State package of Sheremetyevo may be sold by end of year — Вечерняя Москва
• Sale of state package "Sheremetyevo" may take place closer to the end of the year — Ведомости
• Ministry of Finance intends to sell state package of Sheremetyevo airport by end of year — Вести
• Ministry of Finance plans to sell state package of Sheremetyevo closer to the end of the year — Интерфакс

Key entities

• Sheremetyevo
• Alexey Moiseev
• Ministry of Finance
• Interfax
• Moscow
• Russia
• INTERFAX.RU
• World Economic Forum 2026

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