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“Russia Calling” Investment Forum in Moscow

October 1, 2009

FRANKFURT, Germany, October 1 /PRNewswire-FirstCall/ — Today at the
“Russia Calling” Investment Forum in Moscow, Fraport AG’s executive board
chairman Dr. Stefan Schulte emphasized the exceptional importance of the St.
Petersburg
concession project for developing, modernizing and operating the
city’s Pulkovo Airport. “Our participation in St. Petersburg will result in
tremendous benefits for both the city and for Fraport, as an airport
manager,” stressed Schulte. “The City of St. Petersburg knows that the
operation of its airport will be in good hands and that it is ‘landing’ one
of the world’s most recognized airport managers in Russia. We intend to
maximize the growth opportunities and potential offered by the Russian air
transportation market and Pulkovo Airport. Using our Fraport expertise we
will further develop Pulkovo into a top destination with high quality
standards.”

“Russia Calling” is regarded by international investors as one of the
leading forums for developing portfolio investments and strategic
partnerships in Russia, despite the effects of the ongoing financial crisis.
The Forum links more than 300 government representatives, investors and
businesspersons from important Russian and international companies and banks,
as well as asset managers. A diverse program of speeches and panel
discussions will be presented throughout the three-day event.

For the first time, this year’s “Russia Calling” is being presented in
cooperation with VTB Capital, the investment banking arm of VTB Group -
Russia’s second largest bank. On Tuesday, Russian prime minister Vladimir
Putin took part in an opening event. Other participants included Alexey
Kudrin
, Russia’s finance minister, and Elvira Nabiullina, the economics
minister, along with other high-ranking international businesspersons and
politicians.

Under an international tender, the City of St. Petersburg – which is the
current owner and operator of Pulkovo Airport – selected the Northern Capital
Gateway consortium as preferred bidder at the end of June 2009. The partners
in Northern Capital Gateway are Fraport AG with a 35.5 percent share,
Russia’s VTB Capital with 57.7 percent and Greece’s Copelouzos Group with the
remaining 7.0 percent. The concession agreement for developing, modernizing
and operating Pulkovo Airport is expected to be signed by the end of the year
and will run for a 30-year period. “The relevant contract negotiations are
well underway and I am very confident that we will reach a mutually
beneficial agreement with the city of St. Petersburg and all parties
involved,” explained Dr. Schulte in conclusion.

________________________________________________________________________

Print-quality photos of Frankfurt Airport and Fraport AG are available
free for downloading via the Internet at http://www.fraport.com (Menu: select
Press Center > then Photo Service). For TV news and information broadcasting
purposes only, we also offer free footage material for downloading via
http://fraport.cms-gomex.com.

    For Further information, Please Contact:
    Fraport AG Frankfurt Airport Services Worldwide
    Robert A. Payne, B.A.A. - Sr. Manager International Press
    Press Office (Dept. UKM-PS), Corporate Communications (UKM)
    60547 Frankfurt am Main, Germany
    Tel.: +49-69-690-78547; Fax: +49-69-690-60548;
    E-mail: r.payne@fraport.de; Internet: http://www.fraport.com

SOURCE Fraport AG


Source: newswire



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