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Baturina sells Inteco to Binbank, Sberbank

September 06, 2011, 17:03 UTC+3
Alongside the development company the banks have also acquired the building company Patriot
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MOSCOW, September 6 (Itar-Tass) —— Sberbank Investitsii and Mikhail Sishkhanov (owner of Sberbank) are is buying five percent and 95 percent of CJSC Inteco respectively from the wife of Moscow’s ex-mayor Yelena Baturina, Sberbank said in a statement.

Alongside the development company the banks have also acquired the building company Patriot. The transaction is to be finalized in a month’s time. Investments are estimated at 1.2 billion dollars.

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