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Stockmann to sell Nevsky Centre in St. Petersburg for €171 million

Stockmann plc has signed an agreement to sell its Nevsky Centre shopping centre property in St. Petersburg to PPF Real Estate for a purchase price of €171 million. The value of the Nevsky Center property in the balance sheet on 1.1.2018 was €181 million. The transaction includes Stockmann’s fu[…]
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