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.
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