Sberbank sells Alpi stores for $117m

By A staff reporter 2010-03-04T00:00:00

Russian state-owned lender Sberbank has divested 23 Alpi supermarkets in an auction for $117 mln (EUR 86 mln). The retail properties were formerly owned by local retail and property development group Alpi and transferred to Sberbank at the end of 2009 in exchange for unredeemed debt. According to news reports ...

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