Billionaire Mordashov Buys Yeltsin Dacha to Create Tourism Hub
Mordashov, majority owner of steelmaker OAO Severstal, bought the property from the Kremlin administration and plans to make it the centerpiece of a tourist resort, the billionaire’s S-Group investment company said in a statement.
Mordashov agreed to pay 291 million rubles ($10.3 million) for the residence, the Vedomosti newspaper reported today, citing Kremlin adviser Viktor Khrekov.
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