Russia VTB to take control of developer Don Stroy
MOSCOW, August 26 |
MOSCOW, August 26 (Reuters) - VTB (VTBR.MM), Russia's No.2 lender, obtained rights to a controlling stake in developer Don Stroy, the bank reported on Wednesday.
"VTB and the shareholders of DON-Stroy group signed a memorandum of agreement, which provides the bank with the right to acquire 50 percent plus one share of ZAO DON-Stroy Invest," the bank said in a statement.
(Reporting by Dmitry Sergeev, + 7 495 775 12 42, dmitry.sergeev@reuters.com)
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