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Ojsc Lsr S Share News (LSRG)



Share News for Ojsc Lsr S (LSRG)


Share Price: 4.256Bid: 4.251Ask: 4.291Change: -0.113 (-2.59%)Faller - Ojsc Lsr S
Spread: 0.04Spread as %: 0.94%Open: 4.159High: 4.39Low: 4.151Yesterday’s Close: 4.369




OJSC LSR says to buy Yekaterinburg-based ZAO Nova-Stroy for 100 million euros

Wed, 16th Jul 2008 07:51

LONDON (Thomson Financial) - OJSC LSR Group, said the board has approved its buy of Yekaterinb
urg-based ZAO Nova-Stroy for 100 million euros.

LSR is a leading real estate developer and building materials producer in Russia, while ZAO Nova-Stroy is one of the leading developers in the Yekaterinburg property market.

LSR said the deal is in line with the company's strategy of setting up the a regional division in the Urals region for real estate development and building materials production.

TFN.newsdesk@thomson.com

vsr/slj

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