PRESS: Fridman’s A1 may buy hotel in Sochi

MOSCOW, Feb 19 (PRIME) -- A1 of Mikhail Fridman and German Khan is interested in buying the Bridge Resort hotel complex built in Russia’s Sochi for the 2014 Olympics by now-bankrupt construction company Mostovik, Kommersant business daily reported Tuesday.

The 700-room hotel is pledged with VEB.RF, with Mostovik owing over 2 billion rubles.

Experts said the market value of the resort complex may reach 3.5 billion rubles, while the deal could improve its financial performance and raise its investment attractiveness.

(66.2470 rubles – U.S. $1)

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