According to Kommersant (8 October 2012), the Bank of Moscow, now part of VTB Group, plans to sell eight cinemas that were only acquired by companies linked to the bank’s former president Andrei Borodin, who is currently residing in the UK far from the Kremlin’s clutches.

The bank has already held discussions with potential buyers, valuing the cinema chain at approximately USD 11.3 million

 

 

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