Mubadala Development Company will invest in Pulkovo airport

A consortium of international investors comprising Russian Direct Investment Fund (RDIF), Russia-China Investment Fund (RCIF), Mubadala Development Company (UAE), Baring Vostok Private Equity Fund V and a number of related funds (Baring Vostok), as well as leading co-investors from the Middle East have announced the completion of a transaction to acquire a 25% stake in Thalita Trading Limited (Thalita). Thalita is the holding company of the Northern Capital Gateway, which manages Pulkovo Airport. This is stated in a RFIF’s press release, sent out on Monday, September 4.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
"RDIF’s efforts helped to form an international consortium of investors, attracting more than $200 million into Russia from leading funds, including from Asia and the Middle East. We are confident that the arrival of new shareholders will contribute to the dynamic development of Pulkovo, one of the largest airports in Russia."

Tav Morgan, Partner at Baring Vostok Capital Partners Group Limited, said:
"Baring Vostok Private Equity Funds are pleased to have made this investment into one of Russia's leading infrastructure projects and look forward to working with its fellow shareholders and senior management to further improve Pulkovo's performance and standing amongst leading international airports."

Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow.