Russia’s richest man increases his property interests

Russian tycoon Oleg Deripaska has raised his stake in the managing company of the emerging business district of Moscow City to 84% after buying out fellow oligarchs Prokhorov and Vladimir Potanin.

Deripaska, Russia's richest man with a fortune estimated by Forbes Russia of $40bn (€25.2bn), paid metal and mining billionaires Prokhorov and Potanin $165m for their combined 46% stake, according to a report in the Russian newspaper Vedomosti.

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