Particle.news
Download on the App Store

State Sets Dutch Auction for Domodedovo on Jan. 29 After Failed Sale

The relaunch allows staged cuts from a 132.27 billion ruble start to a legal 50% floor to attract qualified bidders.

Overview

  • The Jan. 20 auction was ruled void after the only applicant, individual entrepreneur Evgeny Bogaty, was denied for an incomplete or non‑compliant filing under Law 178‑FZ.
  • Seller Promsvyazbank scheduled a public Dutch auction for January 29 with applications opening January 22, keeping the start price at about 132.27 billion rubles and using 10% reduction steps to a 50% floor.
  • Sheremetyevo’s chief executive said the airport would bid in a price‑reduction format, calling the asset challenging and investment‑heavy.
  • Sheremetyevo cited over 75 billion rubles in loans at Domodedovo and a 6.8 billion ruble IFRS loss for 2023, alongside falling traffic and deferred airfield upgrades.
  • An HSE legal expert said prospective buyers may have lacked time to secure antimonopoly and foreign‑investment approvals, and emphasized that privatization rules prohibit sales below half the original start price.