A PYMNTS Company

Russia: Communications co makes airport buyout to enter travel retail market

By  |  May 15, 2013

Business communications conglomerate Nuance is set to make an 80 percent buyout of Lenrianta, the largest retail operator at St Peters Burg Pulkovo airport, as part of the company’s agenda to enter the travel retail market in Russia. Earlier this year, Nuance won a bid for the airport concession, during with the company stated the two parties worked closely. More than 3,000 square meters of retail space will land in Nuance’s hands in early 2014 as part of the deal, which follows Nuance’s acquisition of a duty free contract with the airport, won last February.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Airport World

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.