Bonava will sell business to Russian Federation

Swedish Bonava concluded the agreement on sale the affiliated companies to Russian Federation for 98 million euros (1,1 billion Swedish kronur). The transaction will be complete within half a year, is reported in the press release on a site of companies. Business will be sold to the Russian builder of G-Group with office to Kazan. It is noted that company also actively works in Saint Petersburg. Transaction closing as notes Bonava, will demand permission of the authorities, approval of banks and contractors. "These processes of the statement are difficult, considering circumstances and geopolitical factors" — is spoken in the message. The decision to leave Russian Federation...