VTB to Sell Moscow Commerical Propery to Hals, Vedomosti Reports

VTB Group, Russia’s second-largest lender, plans to sell commercial real estate projects acquired with the Bank of Moscow to Hals-Development, which it also controls, Vedomosti said, citing unidentified people at the bank, the real estate developer and a consultant.

Don-Stroy Invest may gain VTB’s residential property, the newspaper said.

To contact the reporter on this story: Stephen Bierman in Moscow at sbierman1@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net