- Sputnik International
Russia
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

Sberbank, businessman buy Inteco construction company from ex-Moscow mayor's wife

Здание Сберегательного банка РФ
Subscribe
Russia's largest bank, state-run Sberbank, and the owner of a mid-sized lender have bought Inteco, the real estate firm of the wife of Yury Luzhkov, the former Moscow mayor whom President Dmitry Medvedev fired last fall over a lack of trust, Sberbank said on Tuesday.

Russia's largest bank, state-run Sberbank, and the owner of a mid-sized lender have bought Inteco, the real estate firm of the wife of Yury Luzhkov, the former Moscow mayor whom President Dmitry Medvedev fired last fall over a lack of trust, Sberbank said on Tuesday.

Sberbank Investitsii, Sberbank's subsidiary, bought five percent of Yelena Baturina's company, while Mikhail Shishkhanov, the owner of Binbank, bought 95 percent for an undisclosed amount, Sberbank said in a statement.

It also said that Inteco was valued at $1.2 billion.

Baturina became the country's richest woman with a $2.9-billion fortune earned in the city's construction business during 18 years of her husband's mayorship.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала