VTB may use option to acquire majority of Sistema-Hals

By A staff reporter 2009-10-23T00:00:00

Russian state-controlled bank VTB may exercise a call-option to buy a 31.5% stake in local real estate developer Sistema-Hals from Hals-Finance by the end of 2009, according to news website DW. The lender could exercise its option if Sistem-Hals parent company Sistema fails to repay a $2 bn loan by ...

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