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Immofinanz sells Moscow malls to Fort Group for 900 mln euros
November 13, 2017 / 9:12 AM / 8 days ago

Immofinanz sells Moscow malls to Fort Group for 900 mln euros

VIENNA, Nov 13 (Reuters) - Austrian real estate group Immofinanz has agreed to sell its five Moscow shopping centres to Russian property company Fort Group for 901 million euros ($1.05 billion), it said on Monday.

The deal is expected to close at the end of this year, and clears the last hurdle for a merger of Immofinanz and smaller Austrian rival CA Immo. ($1 = 0.8587 euros) (Reporting by Shadia Nasralla, editing by Louise Heavens)

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