ONEXIM Group and Forest City Ratner Companies (FCRC), Nets Sports and Entertainment (NSE) have signed an agreement of intent to establish a strategic partnershipin the implementation of the Atlantic Yards development project in Brooklyn (New York, USA), the report said ONEXIM Group.
The project involves construction of Atlantic Yards in Brooklyn residential and commercial properties in the total area of 22 acres and the construction of Barclays Center - future home arena of the club of the National Basketball Association New Jersey Nets.
Under the agreement, ONEXIM Group will invest $ 200 million in exchange for a 45% share in the construction of Barclays Center, 80% stake in Basketball Club New Jersey Nets, as well as an option to acquire up to 20% in the company of Atlantic Yards Development Company operating the construction of residential and commercial properties in the project.
Closing of the transaction is scheduled for the first quarter of next year, after obtaining all necessary approvals from regulatory authorities, including NBA. The Raine Group and Goldman, Sachs Co. made by consultants FCRC and NSE. Simpson Thacher Bartlett LLP served as legal adviser FCRC and the NSE. Hogan and Hartson acted as advisers ONEXIM Group.
ONEXIM Group - one of Russia's largest private investment funds, created in 2007, has a diversified portfolio of investments in mining and metallurgy, real estate, media, energy and nanotechnology.
Forest City Ratner Companies owned by Forest City Enterprises, owns 30 properties on the territory of New York. The main focus of Forest City Enterprises, Inc., A national real estate company worth 11.7 billion dollars traded on the New York Stock Exchange (NYSE), is the development, building, acquisition and management of commercial and residential real estate and land throughout the the United States.
In the energy sector under pressure may be shares of TGC-6 and TGK-7, which goes out from under the nominal control IES
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Better the market will now look not directly related to trade securities markets - telecommunications and energy stocks
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G20 summit starts today