Russia's Putin authorises transfer of Fraport's 25% stake in St Petersburg airport
Oct 25 (Reuters) -Russian President Vladimir Putin has authorised the transfer of German airport operator Fraport's FRAG.DE 25% stake in St Petersburg's Pulkovo Airport to an unidentified party, a decree published on Friday showed.
The Kremlin has seized other Western assets since Russia's invasion of Ukraine in February 2022 and installed Russian management teams, most notably with Danish brewer Carlsberg CARLb.CO and French yoghurt maker Danone DANO.PA.
Putin put the airport under the temporary management of a newly set up Russian holding company in December 2023, wresting control from investors from Germany, Qatar and other Gulf states.
Fraport did not immediately respond to a request for comment. In December, Fraport said its involvement in the airport had been "put on hold since the Russian war of aggression".
Reporting by Gleb Stolyarov and Alexander Marrow, Editing by Louise Heavens
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