PropertyEU

VTB Bank takes controlling stake in Sistema-Hals

By A staff reporter 2009-12-03T00:00:00

Russian bank VTB announced on Thursday that it has exercised a call option to acquire 31.5% of the shares of Sistema-Hals. The bank acquired the shares from the Russian real estate firm’s parent company AFK Sistema for a symbolic price of thirty roubles (about 67 euro cents).

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