Support The Moscow Times!

City Plans Property Sales

The Moscow city government has decided to auction a 64 percent stake in Olimpiisky Sports Complex, Deputy Mayor Natalya Sergunina said in comments carried by Interfax.

"There are plans to offer for sale a consolidated stake in Olimpiisky Sports Complex in the amount of 64 percent. The tentative timing for holding the auction is the end of the second quarter of 2013," Sergunina said at the MIPIM international commercial real estate fair in Cannes last week.

She also said the city was considering selling large stakes in the Bitsa Equestrian Center, the Moscow United Energy Company and the Moscow Pipe-Coating Plant, in which it owns 100 percent, 89.94 percent and 100 percent stakes, respectively.


Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.