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Sanctioned Russian Bank VTB Raises Stake in HALS-Development

Bank of Moscow, a unit of Russia's second-biggest lender VTB, bought 42.3 percent in real estate developer HALS-Development, the companies said on Tuesday.

State-controlled VTB already owns 51.2 percent of the company.

See also:

FTSE to Keep Sberbank, VTB in Indexes Despite Sanctions

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