Deripaska’s Basic Element Sees $3 Billion in Construction Sales

Russian billionaire Oleg Deripaska’s Basic Element holding company expects 90 billion rubles ($3.1 billion) of sales from its construction division this year.

The unit’s businesses include home building, development, infrastructure provision and cement, the company said in the statement today.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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