logo
Share SHARE
FONT-SIZE Plus   Neg

IMMOFINANZ, Russian Sberbank End Long-term Financing Deal - Quick Facts

Immofinanz AG (IMMZF.PK) and the Russian Sberbank have concluded a long-term financing agreement with a volume of up to $715 million. This ten-year loan would be used by the project development company, above all to repay
the development financing provided by the parent company for the Golden Babylon Rostokino shopping center.

'The funds released by this loan would be used to continue its growth course and to realise new development projects, especially in the East European markets where double-digit yields can be generated', commented Eduard Zehetner, Chairman of the Executive Board of IMMOFINANZ Group.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Senator Lisa Murkowski, R-Alaska, has expressed support for repealing Obamacare's individual mandate, a key provision Senate Republicans are hoping to use to offset the cost of their tax reform bill. The Congressional Budget Office estimates repealing the requirement that nearly all Americans purchase... Automotive startup Divergent 3D said that a Chinese-led investment syndicate has agreed to commit up to $107 million in financing through a new investment round. Hong Kong-based investment holding company, O Luxe Holdings Limited, led the investment group, which includes Horizons Ventures, Shanghai Alliance Investment Limited and Altran Technologies. Apple Inc. has recently acquired Canada-based startup Vrvana, maker of the Totem augmented reality headset, TechCrunch reported. Both the companies reportedly declined to confirm news about the deal, which is reportedly worth $30 million.
comments powered by Disqus
Follow RTT