Lev Leviev's Russian development arm is in talks to buy the rights to the real estate project at a value of $200-230 million.
AFI Development plc (LSE:AFID), the Russian development arm of Africa-Israel Investments Ltd. (TASE:AFIL), controlled by chairman Lev Leviev, is in advanced talks to buy the rights to a real estate project in Moscow at a value of $200-230 million, including commitments to its partner.
Two weeks ago, AFI Development sold its rights to a Moscow project for $104 million.
Published by Globes [online], Israel business news - www.globes-online.com - on December 30, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012