Moscow’s Domodedovo, Russia’s largest airport in terms of passenger traffic, has chosen Goldman Sachs investment bank as an adviser for the airport’s possible sale. According to a banking source, Goldman Sachs will be the single organizer of a possible deal. The company has held talks with several investment banks, including Russian ones, but settled on Goldman Sachs. One of the sources said the entire airport stock will be sold, while others could not cite the possible stake put up for sale.

Goldman Sachs valuated the airport at $3.5bn-$7.5bn, Citigroup at $4.2bn-$5.3bn and JP Morgan at $4.3bn-$4.4bn during the IPO’s pre-marketing campaign. However, Domodedovo decided in May 2011 to postpone its initial public offering on the London Stock Exchange due to unfavourable market conditions.