The Federal Antimonopoly Service approved Savings Plus LLC’s application for the purchase of the company that manages the Afimall City shopping and entertainment center, the FAS press service reported.
Savings Plus specializes in fund management. Previously, the company was called VTB Capital Pension Reserve LLC, however, in connection with the sanctions, the investment units were transferred to third parties and the name of the company was changed.
Savings Plus LLC will acquire Belgate Constructions Limited, which leases and manages the mall.
The FAS considered that the operation would have no impact on competition in the commercial real estate rental and management market in the capital.
“There are a significant number of organizations in the capital carrying out similar activities,” the service said in a statement.
The owner of Afimall City is AFI Development Lev Leviev, the facility’s 2021 lease of the facility brought the company $135 million.
Author:
Natalia Gormaleva
Source: RB
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