Avia Solutions Group AB completed the transfer of shareholding of its subsidiary Avia Solutions Group – Airports Management OOO

ESPI Report No 11/2015

Avia Solutions Group AB, company code 302541648, registered address at Smolensko str. 10, Vilnius, Lithuania (hereinafter referred to as “the Company”) sold 100 percent shareholding in its subsidiary Avia Solutions Group – Airports Management OOO, company code 1147746272190, registered address at Tverskaya-Yamskaya, 23-1, 125047 Moscow, Russian Federation to Avia Solutions Group B.V., an associate of the Company established in the Netherlands, where the Company has 30 percent shareholding, at an acquisition cost amounting to RUB 1 000 000. Avia Solutions Group – Airports Management OOO holds 75 percent minus one share of RAMPORT AERO OAO engaged in construction and development of the Moscow’s fourth airport – Ramenskoye International.

Based on preliminary estimations the transaction along with operating result reported under discontinued operations is expected to contribute aggregate gain of approximately EUR 4 million to the consolidated financial statements for the 3 month period ended 30 September 2015.

Source of information: Warsaw Stock Exchange

CFO
Aurimas Sanikovas