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28 May 2012

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Moscow to sell E340m of property assets

Recently appointed Moscow Mayor Sergei Sobyanin plans to sell off RUB13.9bn (E340m) of city real estate in an effort to prune its $5bn deficit for 2011. The 78 assets targeted include two of the biggest sports centres and stakes in the Evropeiski shopping mall and Metropol hotel.

 

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