Business Services Industry

RUSSIAN GOVERNMENT REFUSED TO SELL LAND TO METROAG

A&G Information Services, June, 2003

A&G Information Services 06-03-2003 RUSSIAN GOVERNMENT REFUSED TO SELL LAND TO METROAG ST.PETERSBURG, RUSSIA, JUN 2, 2003 (A&G News via COMTEX) -- Top-managers of Metro AG met with the Vice-PrimeMinister of the government of RF for industryBoris Aleshin. In the course of the meeting thepresident and the chairman of the Board of theGerman holding Hans Joahim Kerber announced theintention of the owners of the company to investabout 1 billion euro in Russia.

Moreover, Mr.Kerber asked permission to buy land in Russiainstead of renting it for 49 years. However, Mr.Aleshin announced, that "sale of land is notunder the jurisdiction of the Russiangovernment, this is a constitutional question". URL: http://www.aginform.com Copyright 2003 A&G...

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