Momberger

Turkey's TAV Airports signed a share purchase agreement to acquire 100% of the shares of Almaty Airport (ALA), the main gateway of Kazakhstan. TAV was joined by its consortium partner VPE Capital, operating in Kazakhstan and Russia. It marks the 15th airport in TAV’s global network. The French Groupe ADP owns 46.1% of the TAV capital). The agreement comprises the acquisition of the airport and associated businesses for USD 415 million. TAV Airports’ share in the consortium will be no less than 75% and the share transfers will take place upon closing with the completion of all legal prerequisites and procedures. Located in the southeast of the country on the ancient Silk Road, Almaty today is a strategical junction along China’s ‘One Belt One Road’ project, connecting China with Central and West Asia. Kazakhstan leads Central Asia in economic growth and generates roughly 60% of the region’s GDP. TAV Airports President & CEO Sani Şener said: “We’re happy to add Almaty Airport, which is a main transit hub between Asia and Europe, to our portfolio. Almaty is strategically located on ‘the modern Silk Road’, established from China to Europe and Africa through air transport. Kazakhstan is the largest country in the region -both geographically and economically - and Almaty is the largest city in the country controlling 20% of Kazakhstan’s GDP. We believe there’s a significant potential for growth in Almaty Airport, and drawing upon our extensive know-how, we’ll work towards realizing this potential to the fullest.” Almaty Airport, home of the flag carrier Air Astana, served 6.4 million passengers in 2019, with a 13% increase compared with the previous year. Bek Air, SCAT Airlines, and Qazak Air also use Almaty as their base. In 2018, the airport handled 58,000 tonnes of cargo (70% of all cargo in Kazakhstan) with substantial increase potential. -- TAV Airports provides integrated services in all areas of airport operations, with a global footprint at 100 airports in 30 countries. Through its subsidiaries, TAV is active in airport service businesses, including duty-free, food & beverage, ground handling, IT, private security and commercial area management. The company is quoted on Istanbul Stock Exchange. #1131.7

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