Unibep looses over PLN 120 mln worth deal in Russia

Polish construction group Unibep and Tyumen (Russia)-based OOO MPF Złote Klucze has terminated the contract in line with which, Unibep was to develop an office and housing building complex in the Russian city. The deal was valued at €33.9 million. The cause of the termination of the contract was a lack of funds necessary to complete the scheme. Unibep and the receiver signed the deal last year.