Developer Etalon is buying 100% of shares of JSC Business Real Estate from AFK Sistema, which owns a portfolio of land plots and commercial real estate in Moscow and St. Petersburg. The portfolio of JSC "Business Real Estate" includes 42 properties in Moscow and St. Petersburg. The plots will be used for the construction of residential and commercial real estate projects of premium and business class. The transaction amount is ₽14.1 billion. To pay for it, Etalon will place an additional issue by the end of 2025.