Goltsblat BLP has advised the Federal Agency for State Property Management on transactions for disposing of shares in Vnukovo and Sheremetyevo Airports


Goltsblat BLP, the Russian practice of the international law firm Berwin Leighton Paisner (BLP) has advised the Federal Agency for State Property Management (Rosimuschestvo) on the shareholders' agreements relating to shares in Vnukovo International Airport JSC and Sheremetyevo International Airport JSC.

On 15 February, a shareholders' agreement was signed within the scope of consolidation of Sheremetyevo assets, and on 29 February a shareholders' agreement was signed in respect of Vnukovo.

Following the consolidation the government's share in the authorised capital of Sheremetyevo International Airport JSC will be 31.56%, while private owners represented by Sheremetyevo Holding will own 68.44%. The Russian Federation's share in the authorised capital of Vnukovo International Airport JSC, the Vnukovo Airport operator, will amount to 25.11695%, while private shareholders will own 74.88305%.

The Goltsblat BLP team was led by Matvey Kaploukhiy, Partner, Corporate and included Goltsblat BLP Corporate's Senior Associate Nikolay Kholshev and Associate Oksana Orlovskaya.

About Vnukovo International Airport JSC

Vnukovo International Airport is the oldest airline in the Moscow Air Cluster with a route network of about 170 destinations. In 2015, its general passenger flow totalled over 15 mn passengers. The Airport flight map covers the entire territory of Russia and more than 40 countries of the former Soviet republics, Europe, Asia and Africa.

About Sheremetyevo International Airport JSC

Sheremetyevo International Airport is the largest Russian airport handling scheduled international flights. The Airport’s network of routes includes more than 300 destinations. Sheremetyevo Airport’s services are utilized by the representatives of three major aviation alliances: SkyTeam (Air France, KLM, Delta, CSA Czech Airlines, Alitalia, China Southern Airlines, Korean Air, etc.); Star Alliance (SAS, Air China, LOT, Adria Airways, etc.); Oneworld (Finnair).

The Goltsblat BLP Corporate / M&A Practice is the firm's key workstream and one of the biggest specialist teams in Russia. The global Corporate Practice consists of more than 230 lawyers, most of them based in London and Moscow, with others in BLP offices in Abu Dhabi, Beijing, Berlin, Brussels, Dubai, Frankfurt, Hong Kong, Paris and Singapore, Tel-Aviv and Yangon. The Goltsblat BLP Corporate Practice, one of the biggest in Russia, brings together a team of highly qualified experts with extensive experience in handling international project transactions of any scope and complexity.

Contact details


If you would like to receive our legal alerts and updates highlighting current legal issues relevant to your areas of interest and providing expert commentary by our lawyers, please click on "Sign Up" and fill out the form.