Africa-Israel Group, the Tel-Aviv listed conglomerate headed by Israeli billionaire Lev Leviev, has confirmed it intends to press ahead with the flotation of its Russian unit, AFI Development unit, on London's main market. The details for the offering to international institutional and professional investors have yet to be finalised.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
