VTB Bank has bought a 19.5% stake for 30 roubles a share in Russian property developer Sistema-Hals, the company said on Wednesday. The stake was sold by the group's major shareholder, Sistema, which previously owned a 69.4% stake in the company. VTB also received a call option to acquire a further 31.5% stake in the company.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
