TriGranit pulls out of Moscow shopping center development

Deals

Hungarian construction company TriGranit has pulled out of a shopping center development in Moscow, Russian business daily Kommersant said on Monday.

The paper said RGI International owner Pjotr Sura bought TriGranit's stake in the development about a month earlier.

TriGranit acquired a 50% stake in the 134,000sqm shopping center in 2008, but the mayor's office has still not given the go-ahead for the project, the company's only one in Moscow.

Moscow's mayor suspended and launched reviews of all big building projects in the capital after taking office in 2010.

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