Sminex to acquire Inteko from Trust Bank for $600m.

Sminex, a real estate investment firm, agreed to acquire Inteko, a luxury real estate developer, from Trust Bank, a retail bank, for $600m. “The sale price is fully in line with our expectations. Moreover, despite the high turbulence in the economy and the cautious behaviour of major investors, we closed the deal at a price even higher than we had planned,” Alexander Sokolov, Trust Bank President.