Etalon completed the acquisition of the remaining 49% of Leader-Invest from Sistema for $228m.

Etalon, one of Russia's largest and longest-established development and construction companies, completed the acquisition of the remaining 49% of Leader-Invest, one of Moscow's largest residential developers, from Sistema, a publicly traded diversified Russian holding company, for $228m. "Leader-Invest delivered impressive growth in its 2Q 2019 operational results thanks to the successful completion of nearly all integration processes. These strong results, combined with Etalon Group's solid cash position, meant that we were able to propose the buyout of the remaining 49% of Leader-Invest to the Board of Directors, which unanimously supported the transaction," Gennadiy Shcherbina, Etalon Group Chief Executive Officer.