Turkish Operator Buys Remaining Stake in Almaty Airport for $133 Million
Photo: Orda.kz
Turkish airport operator TAV Airports will acquire the remaining 15% stake in Almaty International Airport for $133 million, becoming its sole owner, Orda.kz reports.
TAV currently owns 85% of the airport. The remaining stake belongs to its partner, VPE Capital, which exercised a right under the companies’ 2021 agreement to sell its shares.
We have reached an agreement to acquire the remaining 15% of Almaty Airport shares for $133 million,TAV Airports CEO Serkan Kaptan said.
TAV did not say when the transaction is expected to close.
TAV and the Kazakhstan Infrastructure Fund acquired Almaty Airport in 2021. TAV received an 85% stake, while the VPE Capital-managed fund acquired the remaining 15%.
The airport has undergone major changes since the acquisition. A new international terminal opened in 2024, while the old terminal was converted to handle domestic flights.
Orda.kz recently reported that a ventilation pipe collapsed in the airport’s departure area. Earlier this year, the airport administration was penalized after its roof leaked.
Original author: Alexander Zhdanov
Read also:
Latest news
- Orda.kz Editorial Team to Cease Operations on September 1
- The Price of a Degree: How Students in Kazakhstan Pay for University
- Second Przewalski’s Horse Foal Born as Species Returns to Kazakhstan
- Kazakh Mining Companies Can Recalculate Purchases if Tenge Weakens
- Kazakhstan Names First Vice President in Three Decades
- What Almaty’s Bus Shelters Are Missing
- 400-Truck Queue Builds at Kazakh–Kyrgyz Border
- Kazakhstan Ready to Help Feed and Rebuild Gaza
- Tokayev Establishes New Presidential Security Body
- Almaty Takes Back Its Nearly Century-Old Hippodrome
- No More Guesswork on Savings: Kazakhstan Tightens Energy Audits for Businesses
- Public Money Could Be Used to Rescue Failing Kazakh Banks
- Third Kazakh Woman Reported Missing in Nepal-China Flood Zone
- Falconer Convicted Over 35 Protected Birds, Spared Punishment Under Amnesty
- Kazakh Citizen Detained in Yakutia in Phone Fraud Case
- Yuan Instead of Dollars? KazMunayGas Draws Record Demand in Asia
- China Gains Oil-Market Influence as OPEC+ Weakens
- Kazakhstan to Divide Smartphones Into White, Gray and Black Lists
- Kazakhstan’s Government Formally Resigns as First Kurultai Session Opens
- Rare Lynx Sighting Recorded in Northern Kazakhstan
