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Monday, May 14, 2007

Short news - Israeli companies continue to come in Ukraine

Engel Europe Ltd. has bought a 2.6-acre lot in Kiev for USD 6.8 mln on which it plans to build a 65K sqm mall for USD 90 mln. This is the company's sixth project in Ukraine.

Engel Europe reportedly plans to build a portfolio of at least ten malls in Ukraine and then float its Ukrainian business on a European marketplace, perhaps the London Stock Exchange.