Russian Land will represent Swiss Implenia at the Russian market
3 December 2007Company Russian Land where actives of Shalva Chigirinsky in sphere of the real estate will enter has created joint venture with Swiss company Implenia. Such information has been represented in “Sheet”.
Russian Land Implenia (RLI - such abbreviation will refer the joint venture) has been created on parity conditions. Shalva Chigirinsky has easily explained his choice - according to his words this company has an operational experience in the segment of the elite real estate that will allow its projects to occupy highest positions.
Russian Land will be the investor in the joint venture; Implenia will operate with management and construction. Implenia’s representatives have specified that thus the company can enter the Russian market.
Russian Land owns 16 projects across all Russia.
The agreement has not limited to joint venture. Russian Land has got 2,71 % of Implenia’s shares. Chigirinsky has declared that he would prove gravity of intentions. The sum of the transaction makes 19,5 million Swiss francs ($17,8 million).
Earlier in the European press there was information, that Oleg Deripaska is interested in purchase of Implenia.
