A consortium of Fraport, Russian state bank VTB and Greek Horizon Air Investments has been named preferred bidder for Russia's Pulkovo airport, Fraport said on Thursday. The consortium beat bids by aluminium tycoon Oleg Deripaska's Basic Element in partnership with Singapore's Changi airport and another group led by Flughafen Wien and Leader, a local investment house founded by Gazprom. Join discussion...

Billionaire Oleg Deripaska's Basic Element, Germany's Fraport and Flughafen Wien are among the companies bidding for a 40.2 billion ruble ($1.28 billion) contract to upgrade St. Petersburg's Pulkovo Airport. Fraport, the operator of Frankfurt Airport, is bidding with VTB Europe, the London-based investment unit of VTB Group, to overhaul and operate for 30 years Russia's largest airport outside Moscow, the municipal government said Thursday in announcing the three bidding groups. Join discussion...

The disposal of the second largest UK airport will begin with the issuing of an information memorandum to potential bidders and a timetable for the sale, which is expected to call for first indicative bids in the third week of January. Join discussion...