Swedish construction giant Skanska is pulling out of Russia to focus on more profitable markets in Europe and in the Americas. Skaska has been in Russia since 1902, but the Russian market only accounts for half a percent of the company's revenues.
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.
