Bloomberg News

Kazakhs’ Meridian Holds 50% of Russian Novaport, Vedomosti Says

February 27, 2012

Meridian Capital, an investment company linked to Kazakh Oil and Gas Minister Sauat Mynbayev and former Kazkommertsbank executives, controls 50 percent of Novaport, which owns seven Russian airports, Vedomosti said.

Novaport’s announcement of the ownership change, made about six years after the deal, may signal that a stake in the airport holding company will be sold to third investor, the Moscow-based newspaper said, citing Andrey Rozhkov, an analyst at IFC Metropol.

The stake in Novaport may have cost $450 million, Vedomosti said, citing an unidentified person at Aeon Corp., the parent company of Novaport, which is owned by businessman Roman Trotsenko.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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