Published Date:
06 October 2008
ONE of the largest Russian-focused real estate companies is reportedly considering delisting from the London Stock Exchange.
AFI Development, 71 per cent owned by Africa Israel, the investment company of billionaire Lev Leviev, is considering buying back the public's shares, after AFI Developments shares fell 85 per cent from the $7.3 billion (£4.1bn) when the company floated last year. The fall was blamed on a crisis in Russian commercial property.
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Last Updated:
05 October 2008 9:19 PM
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Source:
The Scotsman
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Location:
Edinburgh
