Bonava takes next step towards divestment of St. Petersburg operations
Bonava intends to divest its subsidiaries in St. Petersburg, and has reached an agreement with buyer RBI Group. Completion of the divestment is contingent on approval from authorities.On 3 March 2022 Bonava announced that it would discontinue its operations in St. Petersburg, and has since worked intensely to do so in a responsible manner. An agreement was today reached with development and construction company RBI Group to divest Bonava’s subsidiaries in St. Petersburg. The gross proceeds are approximately RUB 3.3 bn (SEK 440 M). The deal is contingent on approvals from authorities.