Invest AD, the Abu Dhabi investor firm, may acquire 10 percent of the Mountain Carousel ski resort being built for the 2014 Winter Olympics on Russia’s Black Sea coast - the Bloomberg is reporting.
Invest AD is listed in the Middle East Investors Directory with the code BD46.
Full details from Bloomberg follows
Invest AD, an Abu Dhabi government- owned money manager, may acquire 10 percent of the Mountain Carousel ski resort being built for the 2014 Winter Olympics in Sochi on Russia’s Black Sea coast.
Invest AD bought 3.5 percent and has an option to buy 6.5 percent more of the 40 billion-ruble ($1.3 billion) project, Magomed Bilalov, the deputy chairman of the board of OAO Krasnaya Polyana, which is developing Mountain Carousel, told reporters today in Moscow.
OAO Sberbank, Russia’s largest lender, holds 25 percent of the project and shareholders affiliated with the National Business Development Bank, or NBB, own 60 percent, Stanislav Kuznetsov, a senior vice president at Sberbank, said today.
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