Russian state-controlled bank VTB may exercise a call-option to buy a 31.5% stake in local real estate developer Sistema-Hals from Hals-Finance by the end of 2009, according to news website DW. The lender could exercise its option if Sistem-Hals parent company Sistema fails to repay a $2 bn loan by the end of the year.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
