OREANDA-NEWS. May 16, 2011. FAS Russia is considering a petition of “Solitario” Ltd. for purchasing 50.67% voting shares of “Volgograd International Airport” OJSC through an auction, reported the press-centre of FAS Russia.

The auction is organised by the Federal Agency for State Property Management.

The purpose of the transaction – obtain a possibility to influence activities of the economic entity through its management bodies, building up efficient system of company management, development, improvement and modernization of the process of providing services in “Volgograd International Airport” OJSC, enhancing the quality of services and creating favorable conditions for the customers that use airport services, engaging air carriers as part of employing transit potential of the region, implementing investment projects.

“Volgograd International Airport” OJSC is included in the regional part of the Register of economic entities with over 35% share of the relevant market (type of products – aircraft servicing, market share – over 65%, market boundaries – the Volgograd region).

Governed by Article 33 of the Federal Law “On Protection of Competition”, the Federal Antimonopoly Service (FAS Russia) extended the period for petition consideration for two months in order to obtain additional information.

Interested persons can present information to the antimonopoly body as to how the above transaction can affect the state of competition on the market of airport services.