Russia's Federal Antimonopoly Service permitted Brancusi Holdings Ltd (Cyprus) to acquire a 100% equity stake in Crystal Towers LLC, the regulatory body informed.
Earlier, the competition watchdog granted a similar application of VEB Project Management LLC.
The Crystal Towers project assumes construction of two 38-storey high-rise buildings 168 thousand square meters in area on the grounds of the former Zotov bakery on Presnensky Val street in Moscow. The construction is estimated at $200 million. It will be recalled that in 2010, Sberbank Capital LLC (Sberbank's subsidiary) acquired 50.01% in Crystal Towers LLC from businessman Vasily Anisimov's Coalco.