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New Deal


Announced

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

Financials

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Transaction Value£486m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Russian Federation

Acquisition

Friendly

Domestic

luxury real estate

Pending

Majority

Real Estate Holding and Development

Single Bidder

Synopsis

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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.

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