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Rybolovleva Buys Apartment

A Manhattan penthouse owned by Sanford Weill, former chairman of Citigroup, and listed for $88 million, is being purchased for Dmitry Rybolovlev's daughter.

A company associated with Yekaterina Rybolovleva signed a contract to purchase the 627-square-meter, full-floor condominium at 15 Central Park West, said Alan Basiyev, a spokesman for Rybolovlev. Rybolovleva, who is studying at a U.S. university, plans to stay at the apartment when visiting New York, Basiyev said. Her father, ranked No. 93 on the Forbes list of the world's billionaires with a net worth of $9.5 billion, is the former owner of Uralkali.

The four-bedroom condo features a wraparound terrace, two wood-

burning fireplaces and a library, according to a floor plan on brokerage Brown Harris Stevens's web site. A sale anywhere close to $88 million would make it the most expensive residential transaction ever in Manhattan, said Jonathan Miller, president of appraiser Miller Samuel. The prior record was the $53 million sale of a townhouse to private-equity investor J. Christopher Flowers in 2006, Miller said.

(Bloomberg)

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