SOFAZ to invest Russian Economy

SOFAZ to invest Russian Economy

The State Oil Fund of Azerbaijan has addressed the Federal Antimonopoly Service of Russia in order to get initial agreement for closing deal on purchase of 100% shares of Tverskaya 16 OJC, in Moscow.

Authorized capital of the OJSC makes 159.8 mln rubles (AZN 4 mln) and its only share is Aktyor gallery, located on Tverskaya 16, Moscow. Brokers estimate the building at $100-105 mln. According to information, currently, SOFAZ conducts talks on purchase of several facilities in Russia.

Note that, in accordance with new strategy of the Fund, it is decided to direct some part of its means to real estate in abroad – London, Paris, Moscow, Rome and etc.

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