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China Vanke in talks for potential stake buy in Russian developer

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China Vanke in talks for potential stake buy in Russian developer

Negotiations continue between China Vanke Co. Ltd. and potential investment recipient O1 Properties Ltd., Reuters reported, citing a statement from the Chinese property developer.

The pair are yet to reach a decision regarding the matter, which could see China Vanke owning a stake in the Russian real estate developer that holds a US$4-billion-plus portfolio of 15 business centers in Moscow, according to the March 27 report.