Announced
Financials
Sources
Tags
Private
Russian Federation
Acquisition
Friendly
Domestic
luxury real estate
Pending
Majority
Real Estate Holding and Development
Single Bidder
Synopsis
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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